Weather
The Pine Tree, News for Calaveras County and Beyond Weather
Amador Angels Camp Arnold Bear Valley Copperopolis Murphys San Andreas Valley Springs Moke Hill/West Point Tuolumne
News
Business Directory
Weather & Roads
Sports
Real Estate
Search
Weekly & Grocery Ads
Entertainment
Life & Style
Government
Law Enforcement
Business
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Calendar
Polls
Columns
Free Classifieds
Letters to the Editor
Obituaries
About Us

Coming Soon...
Saturday, Apr 20
All Day Tickets on Sale Now for "You're a Good Man, Charlie Brown!"
All Day The 7th Annual Crafty Chicks Spring Market
All Day Big Plans at Big Trees State Park for Earth Day!
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
All Day Huge Savings at Millworkz Inventory Reduction Sale Every Saturday!
09:00 AM Spring Cleaning Time at Shred Fest 2024 on April 20th
01:00 PM Celebration of Life for Robyn Victoria Williams
05:00 PM Fundraiser Dinner at VFW San Andreas
Sunday, Apr 21
All Day Tickets on Sale Now for "You're a Good Man, Charlie Brown!"
All Day Big Plans at Big Trees State Park for Earth Day!
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
All Day Our Sunday Edition with Local Features, Local Specials & More Every Sunday All Day Long!
09:00 AM Get Ready to Run in the 2024 Mr. Frog's Wild Run on April 21st.
11:30 AM The 11th Annual Mountain Ranch Chili Cook Off!
Monday, Apr 22
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
Tuesday, Apr 23
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
Wednesday, Apr 24
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
Thursday, Apr 25
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
Friday, Apr 26
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
All Day HCO Sledfest 2024 is April 26-28 at Bear Valley
Saturday, Apr 27
All Day Come Celebrate Calaveras’ Spring Wine Weekend
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
All Day HCO Sledfest 2024 is April 26-28 at Bear Valley
All Day Huge Savings at Millworkz Inventory Reduction Sale Every Saturday!
Sunday, Apr 28
All Day Come Celebrate Calaveras’ Spring Wine Weekend
All Day The Big Used XC Ski Sale Starts April 20th at Bear Valley Adventure Company!
All Day HCO Sledfest 2024 is April 26-28 at Bear Valley
All Day Our Sunday Edition with Local Features, Local Specials & More Every Sunday All Day Long!

Log In
Username

Password

Remember Me



Posted by: thepinetree on 08/16/2022 09:36 PM Updated by: thepinetree on 08/16/2022 09:36 PM
Expires: 01/01/2027 12:00 AM
:

Attorney General Bonta Expresses Support for SEC Proposal to Increase Transparency and Accountability of Funds Claiming to Prioritize ESG Factors

Oakland, CA...California Attorney General Rob Bonta today urged the Securities and Exchange Commission (SEC) to finalize rules that would require investment companies and advisors to disclose information about how they use environmental, social, and governance criteria in investment products labeled as “ESG.” While a number of investment companies now offer funds that purport to prioritize ESG factors, evidence has emerged that many of these funds give little consideration to these factors, and instead tout ESG merely as a way to lure investors who want to invest according to their values. In the letter, Attorney General Bonta joins a multistate coalition in arguing that the SEC’s proposal would increase transparency and accountability in this growing investment sector, benefiting both investors and those companies who are actually committed to ESG values.




“As investors increasingly seek to align their money with their values, there’s been an explosion in ESG-focused investment products and funds,” said Attorney General Bonta. “Unfortunately, most of these funds are not transparent about how they consider ESG criteria in their decision-making, and some of these funds in reality have done little to take environmental, social, or corporate governance values into account. Investors have a right to have all the facts before they decide where to put their money. I urge the SEC to swiftly finalize this critical rule to protect retail and institutional investors from those looking to exploit them.”

The last decade has seen a proliferation of companies offering funds and strategies that claim to implement ESG factors in response to increased demand from retail and institutional investors. The number of funds available to U.S. investors that advertise ESG as a significant consideration has more than doubled in the last five years, and U.S. mutual fund and ETF assets labeled as “ESG” increased 33% in 2021 alone – to $400 billion. This trend is only expected to accelerate, with global ESG assets estimated to grow from $35 trillion to $50 trillion by 2025.

In an effort to ensure investors have sufficient information to evaluate and compare investment products labeled as “ESG,” the SEC has proposed rules requiring investment companies and advisers to disclose information about how they use ESG criteria. Attorney General Bonta joins seven attorneys general in strongly supporting this goal.

Earlier this year, Attorney General Bonta led a multistate coalition in a letter supporting the SEC’s proposal to require U.S. companies to provide accurate and detailed information about the financial risk they face from climate change. Today’s letter continues the Attorney General’s effort to help Californians make informed decisions about their investments that recognize the growing threat of climate change and align with their values.

Attorney General Bonta joins the attorneys general of New York, Delaware, Illinois, Maryland, Minnesota, and New Jersey in filing the letter.

A copy of the letter is available here.

# # #


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2022-08-16 21:38:01   By: Anonymous
 
These people are such idiots. Go woke, go broke and destroy our country and economy

[Reply ]


What's Related
These might interest you as well
Local News

Photo Albums

Calendar

phpws Business Directory

Web Pages


Mark Twain Medical Center
Meadowmont Pharmacy
Angels & San Andreas Memorial Chapels
Bear Valley Real Estate
Gerard Insurance
Bank of Stockton
Fox Security
Bistro Espresso
Chatom Winery
Middleton's Furniture
Bear Valley Mountain Resort
Cave, Mine & Zip Lines
High Country Spa & Stove
Ebbetts Pass Scenic Byway
Sierra Logging Museum Calaveras Mentoriing
Jenny's Kitchen

Copyright © The Pine Tree 2005-2023