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Corporate Governance Improvement and Investor Protection Act: ESG, Pay, and Climate Risk Disclosure

This Act mandates new reporting obligations for public companies, requiring the disclosure of information related to environmental, social, and governance (ESG) matters. It introduces requirements for reporting climate risk, political expenditures, human capital metrics, and board diversity data. The goal is to provide investors with consistent and comparable data necessary to assess companies' long-term strategies and financial risks.
Key points
Requirement to disclose climate risk, including greenhouse gas emissions and risk management strategies.
Mandatory quarterly and annual reports on corporate expenditures for political activities.
Mandate to disclose the percentage increase in the median total compensation of executive officers compared to other employees.
Requirement to report on settlements and judgments related to workplace harassment and ties to importing goods from the Xinjiang region (XUAR).
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VOTING RESULTS
2021-06-16
For 215
Against 214
Abstain 0
Full voting results open_in_new
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Status:
Expired
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Additional Information
Corporate Governance Improvement and Investor Protection Act
Print number: HR 1187
Sponsor: Rep. Vargas, Juan [D-CA-51]
Process start date: 2021-02-18
Voting date: 2021-06-16
Meeting no: 1
Voting no: 169