Human rights and Environmental Justice Advocates Respond to SEC’s Proposed Rules for ESG Funds

Inclusive Development International joined Accountability Counsel and Friends of the Earth-US this week to submit comments responding to the U.S. Securities and Exchange Commission’s (SEC) proposed rules for “ESG” oriented investment funds, or funds that consider environmental, social and governance factors in their investment decisions. They urged the SEC to go beyond disclosure requirements and actually define ESG in order to crack down on the false and misleading marketing of many ESG funds more directly and to regulate the flawed data collection and ESG ratings systems that inform their portfolios. Read more here.