On September 8, 2022, the Board of Governors of the Federal Reserve System released a statement that encourages whistleblowers to report certain activities at banking organizations it regulates . The 2022 Guidance is notable as one of the first interpretations by a federal banking regulator of the whistleblower provisions of the Federal Deposit Insurance Act.

ESG issues have increasingly become a priority of publicly traded and privately held companies. Major chemicals companies have leaned into ESG by setting ambitious, long-term goals to improve their ESG performance and being increasingly transparent about their progress toward achieving these goals.

Michael Hsu, the acting comptroller of the US Office of the Comptroller of the Currency (“OCC”), unveiled the concept of climate redlining as a new aspect of his agency’s initiative for addressing climate-related financial risks. He recognized an inherent tension between the goals of lending to underserved communities and managing climate-related financial risks.

At the intersection of Tax and ESG and there are increasing external pressures for greater transparency into a company’s global tax position.

The sustainable investing market is witnessing remarkable growth. The field, however, has been challenged by greenwashing claims and a lack of consistency in identifying what, exactly, makes an investment “sustainable”.

Evaluating, and comparing, the ESG credentials of different investment products presents significant difficulties. In a welcome development in the move towards addressing these issues,the CFA Institute, a global association of investment professionals, published its first voluntary Global ESG Disclosure Standards for Investment Products (the “Standards”).