For nearly two decades, the PRI has worked around the world with business leaders and governments across the political spectrum to best support our signatories. We will continue to engage with administrative and elected officials, regardless of party affiliation, who work on issues relevant to our signatories and the broader work of the PRI.
Investors may use and customize this template letter as they see fit to request disclosure of climate-related financial information in line with the standards of the IFRS Foundation’s International Sustainability Standards Board (ISSB).
US: PRI response to the California Air Resources Board’s request for comment on implementation of Senate Bills 253 and 261, as amended by Senate Bill 219.
PRI submitted a letter to Governor Kathy Hochul of New York, supporting the adoption of Assembly Bill A5981. If signed, the bill would require companies operating in the state of New York to file their EEO-1 reports with the NY Secretary of State. Companies' data on the race, gender, and ethnicity of employees would then be made publicly available. By requiring companies to file their EEO-1 data for public release, New York can support investor efforts to identify and address HCM-related issues across their portfolios. Certain companies are already required to report this information annually to the Equal Employment Opportunity Commission, and as such, sharing this information with the State of New York—and with investors—requires no additional effort.
The PRI supports the proposed changes to Topic 740 of the FASB Accounting Standards Codification® on requiring more granular and specific information regarding rate reconciliation and income taxes paid. We further recommend the FASB considers additional amendments in the future to meet the evolving needs of investors around income tax disclosures. The benefits to investors would be greatly enhanced if these proposed changes were to be accompanied by disclosures on key jurisdiction-level information such as revenues and operating results on a similar level of disaggregation.
PRI submitted a letter to Congress sharing concerns with a resolution to disapprove of the Department of Labor's "Prudence and Loyalty" rulemaking that provided clarity around investor consideration of ESG factors.
ESG Investigator | US states strike back on climate disclosure
ESG Dive | Anti-ESG laws challenge fiduciary obligations, add significant reporting burden: PRI
bloomberglaw.com | State Anti-ESG Laws Haven’t Deterred Some Investors, Report Says
Investments and Pensions | SEC approves long-awaited climate disclosure rule
Responsible Investor | US investors: SEC climate rule ‘step in right direction’ but more work needed
Washington Post | New rules will force U.S. firms to divulge role in warming the planet
Morningstar | 9 Things to Know About the SEC’s New Climate Rule and How It Affects You
BisNow | SEC Unveils New Emission Standards, Much to the Relief of CRE
The Hill | ESG shows free markets are working
ESG Investor | ESG Backlash “Understandable, but Misguided”
The Hill | Consistent, comparable disclosure sits at the heart of our global financial system
GreenBiz | Can we rewrite the rules of green finance quickly enough?
With the federal government shifting from Democratic to Republican Party control, this webinar focuses on the changes in priorities, leadership positions, and implications for US and global investors.