The SEC’s ESG Task Force, created only one year ago to proactively identify ESG-related misconduct, has fined a Bank of New York (“BNY”) Mellon advisory unit for $1.5 million over alleged ESG disclosure failures. According to the ESG Task Force, BNY Mellon Investment Advisory Inc. provided clients with false assurance that certain fund investments had […]
Impact as an Intangible Asset
As global economies, governments, and businesses continue to face the environmental and social challenges present in our world, greater focus is being paid to how Environmental, Social, and Governance (ESG) factors impact our daily lives and how we conduct business. Increasingly, corporate investors, stakeholders, and companies are interested in understanding how ESG factors impact their […]