SEC Chair Calls for ESG Issues to be Separate

SEC Chair Calls for ESG Issues to be Separate
Stuart Ramson/AP Images for The Women's Forum of New York

The chairman of the US Securities and Exchange Commission (SEC) has warned that combining environmental, social and governance (ESG) factors into a single rating or score can result in “imprecise” investment analysis.

Jay Clayton made the comments at a meeting of the regulator’s Asset Management Advisory Committee last month, following recent recommendations made to the SEC regarding ESG disclosure.

Clayton said he believed that “in many cases one or more ‘E’ issues, ‘S’ issues, or ‘G’ issues are material to an investment decision."

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