1. Short title This Act may be cited as the Environmentally Sustainable Growth Act of 2023 . 2. Findings Congress finds the following: (1) The Securities and Exchange Commission has broad authority to require the disclosure of information if such information is in the interest of, or is material to investors. (2) The Commission does not require companies to disclose information related to environmental, social, and governance ( ESG ) matters, and does not require companies to adhere to standards for disclosing such information. (3) Investors have reported that voluntary disclosures of ESG metrics are inadequate. (4) A rule requiring reporting and standardization of ESG disclosures is in the interest of investors. (5) ESG matters are material to investors, and the Commission must establish standards for disclosure of such matters. 3. ESG disclosures (a) In general Section 14 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78n ) is amended by adding at the end the following: (l) ESG disclosures (1) In general Each issuer the securities of which are registered under section 12 or that is required to file annual reports under section 15(d) shall disclose in any proxy or consent solicitation material for an annual meeting of the shareholders— (A) a clear description of the views of the issuer about the link between ESG metrics and the long-term business strategy of the issuer