Brad Monterio has detailed what some of these additional responsibilities might include in a recent article on this topic: “Beyond the Balance Sheet – Non-Financial Reporting, Material Disclosures and the Quest for Sustainability” According to the Baker McKenzie article the European Union countries, China, India, France and South Africa have mandated sustainability reporting as part of public company disclosure
The US SEC is now positioned to build-out the use of XBRL across the US capital markets . ...Authorities in individual jurisdictions mandate the use of these increasingly important pieces of reference data
Premise: How can the capital markets on a global scale deal with climate change and distribution of natural resources to a population expanding to 10 billion people by 2050 to name a few of the critical global issues facing humanity?
The total US-domiciled assets under management using SRI strategies grew from $6.57 trillion at the start of 2014 to $8.72 trillion at the start of 2016, an increase of 33 percent, as shown in Figure A. These assets now account for more than one out of every five dollars under professional management in the United States
According to CNBC, banks could be using bitcoin by the end of next year based on the development with the adoption of new cloud-based ledger technology called “blockchain”
Interesting debate yesterday before the US Senate Banking Committee on the topic of expanding disclosures of US companies to include environmental, social and governance data besides just financial disclosures