On July 28, 2019 Brink reported that “Wednesday July 10th marked the first ever congressional hearing on environmental, social and governance (ESG) issues in the United States. Entitled Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures, the hearing was held by the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets.
In its hearing, the U.S. congressional committee debated drafts of five possible bills, all of which would require public companies to reveal more information on topics including climate policies, political expenditure and human rights. The proposed bills discussed were:
- ESG Disclosure Simplification Act of 2019
- Shareholder Protection Act of 2019
- Corporate Human Rights Risk Assessment, Prevention and Mitigation Act of 2019
- Climate Risk Disclosure Act of 2019
- Country by Country Tax Payment Disclosure.”
You may read the article on the Brink internet site.