Seven AGs Joined a Coalition to Support ESG Disclosure

New York Attorney General Letitia James led seven attorneys general in submitting a letter in response to the Securities and Exchange Commission’s (SEC) proposed rule, titled “Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social and Governance Investment Practices.” The letter showed support for the proposed rule and agreed that investors need reliable information on environmental, social, and governance (ESG) based investment products. The letter also provided comments in support of further clarification of the proposed rule.