On March 21, 2022, the United States Securities Exchange Commission ,(SEC) proposed a rule that would require public companies to issue ESG disclosures of climate change risks.
With only 0.22% of public companies being Black-owned, why should Black-owned businesses care about mandated ESG disclosures?
This article explores:
- What is ESG?
- How does ESG apply to privately-held companies?
- What is the possible impact of the SEC’s mandated ESG disclosures on Black-owned businesses?
What is ESG?
ESG is an acronym for Environmental, Social and Governance. It’s an investment framework that considers factors such as a company’s carbon footprint (environmental), diversity and
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