The first ever US congressional hearing dedicated to environmental , social and governance ( ESG ) assets has taken place after a report said US investors were increasingly interested in such securities . The Forum for Sustainable and Sustainable Investment has said US managed securities using sustainable , responsible and impact strategies had risen from $ 8.7tn to $ 12tn between 2016 and 2017 . The hearing was told , however , that the lack of a legal structure was creating financial inconsistencies between different firms . The US Securities and securities industry has now been urged to establish financial disclosure standards for all public US securities .
The first ever US congressional hearing dedicated to environmental, social and governance (ESG) assets has taken place after a report said US investors were increasingly interested in such securities. The Forum for Sustainable and Responsible Investment has said US managed funds using sustainable, responsible and impact strategies had risen from $8.7tn to $12tn between 2016 and 2018. The hearing was told, however, that the lack of a legal structure was creating disclosure inconsistencies between different firms. The US Securities and Exchange Commision has now been urged to establish ESG disclosure standards for all public US companies.