Fitch in an update noted that US corporate issuance of green, sustainability and sustainability-linked bonds/loans could accelerate if the ESG Disclosure Simplification Act of 2021 becomes a law. The Act was a legislation passed by the US House in June focusing on policies related to climate change, underrepresented groups and governing corporate America. If the legislation becomes law, standardized disclosure of ESG metrics ‘along with a discussion on metrics and the long-term business strategy would be included in an issuer’s SEC filings’ they said. They add that the regulation would help both investors and issuers given that standardized reporting would enhance credibility with ESG investors alongside the already existing monitoring, tracking and reporting of ESG results.
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