The U.S. Chamber of Commerce appreciates the House Committee on Financial Services’ convening of a legislative markup on corporate governance topics and their intersection with ESG (“environmental, social, and governance”) issues.
The U.S. business community has risen to the challenge of meeting investor demand regarding ESG-related and other information. Companies active in the public markets have worked rigorously to provide investors with material information on issues related to governance, environmental and other matters requested by investors. In this sense, the U.S. capital markets – and, by extension, U.S. securities laws – have functioned efficiently toward the allocation of capital.