Policy: Disclosure

Introduction 
Investors are increasingly integrating environmental, social and corporate governance (ESG) information into the investment process. Materiality, or financial relevance, can be understood with all the reported facts. A lack of comprehensive, comparable and reliable data hinders investors' ability to comprehensively incorporate ESG information into investment decisions. 

US SIF and its members aim to enhance corporate ESG data reporting. US SIF supports public policy that promotes the reporting of uniform, consistent, and comparable information on material risks and opportunities. We need more robust and effective disclosure. 
 
Priority Areas of Action 
Sustainability Disclosure: Stakeholders value meaningful sustainability reports, and the SEC should continue to require all public companies to disclose them. Self-reported sustainability information provided on company websites is not sufficient to address investor needs because it does not permit the comparison of consistent information on material risks and opportunities. 

US SIF endorsed the Environmental, Social, and Governance (ESG) Disclosure Simplification Act (insert bill number), introduced by Representative Juan Vargas (D-CA) and passed by the House of Representatives on June 15, 2021.