The House passed the ESG Disclosure Simplification Act of 2021 (H.R. 1187), which would create a host of new reporting requirements implemented by the SEC, including ESG metrics and how they affect long-term growth.
As passed by the House, the bill will require the disclosure of:
Pay raise ratio (a ratio of the increase in executive to employee pay),
Board and executive diversity (race, ethnicity, gender, sexual orientation, and veteran status),
Workforce disclosures, including information about health and safety, pay, diversity, turnover and promotion rates, training, and the use of contractors and outsourcing.
The bill will now go to the ...