Bloomberg Tax
April 5, 2023, 5:44 PM

BTAX OnPoint: Quick Guide to Preparing for ESG Reporting Rules

Sydney Hansford
Sydney Hansford

Despite a lack of mandatory reporting requirements in the US, more companies are choosing to adopt environmental, social, and governance (ESG) frameworks.

The Securities and Exchange Commission has proposed rules that aim to “provide investors with consistent, comparable, and decision-useful information for making their investment decisions.” They could be finalized in the coming months.

In anticipation of the upcoming SEC action, there is a growing need to strategically approach ESG reporting. New disclosures would be mandatory for all publicly listed companies, so it’s recommended that businesses prepare by voluntarily establishing an ESG reporting process or laying the ground work to ...

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