Entries by Congressman Juan Vargas

ESG Disclosures: A Market Driven Initiative

Companies have a moral and ethical imperative to ensure that their business operations positively impact the communities in which they serve. To adequately assess a business’ local and national impact, corporations should be required to disclose ESG related metrics to the U.S. Securities and Exchange Commission (SEC). ESG metrics generally include issues relating to environmental […]

Government Mandates Risk Undermining Meaningful ESG Disclosures and Responsible Corporate Governance

A growing number of companies routinely produce Environmental, Social and Governance (“ESG”) information. And for good reason: employees, investors, community partners, and other stakeholders want to better understand how companies are factoring ESG considerations into their corporate governance decision-making. Today, there is not a standard ESG playbook because the challenges and opportunities in ESG vary […]

Problems with ESG

The new chairman of the Securities and Exchange Commission (SEC), Gary Gensler, wants the SEC to become America’s climate regulator by mandating environmental, social, and governance (ESG) disclosures for both public and private companies. In my view, however, the SEC is drifting into an area that is far afield of its statutory mission. To be […]