Davis Polk's "ESG in the US: Current State of Play and Key Considerations for Issuers" (included as a chapter in "The International Comparative Legal Guide: Corporate Governance 2019") provides an overview of key aspects of the current ESG landscape that includes:
- BlackRock's, State Street's and Vanguard's E&S engagement and proxy voting expectations and approaches based on their published guidelines
- An overview of numerous leading voluntary ESG disclosure frameworks (e.g., GRI, SASB, TCFD) - including their coverage scope, methodologies, and key takeaways (Appendix A)
- An overview of well-known ESG raters (e.g., Sustainalytics, MSCI ESG, ISS) - including their coverage scope, rating scale, methodologies, and key takeaways (Appendix B)
- ESG fund offerings from the "Big 3,"and a discussion of the likely increasing demand for ESG-focused ETFs associated with the millennial population
Access additional information & resources on investor views/approaches, disclosure frameworks and ratings providers on our Sustainability/ESG page. This post first appeared in the weekly Society Alert!