SEC will not assess merit of ESG investments: Peirce
The agency’s role is not to determine whether any particular strategy is a good one, but to ensure investors know what they are getting, according to Securities and Exchange Commission member Hester Peirce.
Securities and Exchange Commission member Hester Peirce said the agency will not try to determine whether environmental social and governance investing is good or bad, but rather will focus on whether investment advisers are following the ESG strategies they’re promoting.
In a statement releas
Learn more about reprints and licensing for this article.