Sustainable Finance Lobbying Overview: Business Roundtable appears to have had limited engagement on sustainable finance policy, but where it has engaged it has not supported regulatory intervention.
Top-line Messaging on Sustainable Finance Policy: Business Roundtable appears to support urgent action to tackle climate change but has not explicitly linked this to action by the financial sector.
Position on Regulated Corporate ESG Disclosure: Business Roundtable appears to have a mixed position on regulated corporate ESG disclosure. In a 2020 report it called for companies to disclose risks and opportunities related to climate change but emphasized that these disclosures should be voluntary. In a 2021 letter to the SEC it appeared to support the need for some regulated disclosure, with exceptions. In feedback to the SEC in June 2022, Business Roundtable supported the SEC's climate change disclosure rule with numerous major exceptions, including not supporting requirements on Scope 3 disclosure and stating that the cost-benefit analysis by the SEC was "fundamentally flawed". Also in June 2022, Business Roundtable published a press release calling for the “SEC to revise and repropose the rule”.
Position on Integrating ESG into Investor Duties: In 2020, Business Roundtable strongly supported Trump administration-era efforts to rollback shareholder rights, both in a press release calling for modernization of the shareholder proposal process and a letter responding to the 2020 SEC request for comments on the proposed rule. Business Roundtable's Q4 2021 lobbying filing indicates that it has continued to engage on this rule, but its most recent position is unclear.
Transparency: Business Roundtable’s website lacks a dedicated, clearly identifiable disclosure of its sustainable finance-relevant policy positions and lobbying activities. It clearly discloses board, committee, and full membership.
Sustainable Finance Lobbying Overview: Business Roundtable appears to have had limited engagement on sustainable finance policy, but where it has engaged it has not supported regulatory intervention.
Top-line Messaging on Sustainable Finance Policy: Business Roundtable appears to support urgent action to tackle climate change but has not explicitly linked this to action by the financial sector.
Position on Regulated Corporate ESG Disclosure: Business Roundtable appears to have a mixed position on regulated corporate ESG disclosure. In a 2020 report it called for companies to disclose risks and opportunities related to climate change but emphasized that these disclosures should be voluntary. In a 2021 letter to the SEC it appeared to support the need for some regulated disclosure, with exceptions. In feedback to the SEC in June 2022, Business Roundtable supported the SEC's climate change disclosure rule with numerous major exceptions, including not supporting requirements on Scope 3 disclosure and stating that the cost-benefit analysis by the SEC was "fundamentally flawed". Also in June 2022, Business Roundtable published a press release calling for the “SEC to revise and repropose the rule”.
Position on Integrating ESG into Investor Duties: In 2020, Business Roundtable strongly supported Trump administration-era efforts to rollback shareholder rights, both in a press release calling for modernization of the shareholder proposal process and a letter responding to the 2020 SEC request for comments on the proposed rule. Business Roundtable's Q4 2021 lobbying filing indicates that it has continued to engage on this rule, but its most recent position is unclear.
Transparency: Business Roundtable’s website lacks a dedicated, clearly identifiable disclosure of its sustainable finance-relevant policy positions and lobbying activities. It clearly discloses board, committee, and full membership.