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The American House of Representative Requires Publicly Listed Companies to Disclose ESG Metrics

Amy Liu

Summary: The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vote of 215 to 214 and has now advanced to the Senate for consideration. The bill defines “sustainable finance” as the “provision of finance with respect to investments ...

The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow vote of 215 to 214 and has now advanced to the Senate for consideration.

The bill defines “sustainable finance” as the “provision of finance with respect to investments taking into account environmental, social, and governance considerations.” It also requires SEC to establish “Sustainable Finance Advisory Committee.” 

The debate around the large-scale energy consumption caused due to Bitcoin mining has been around for many years. This bill may accelerate the conversion of Bitcoin mining companies to the use of green energy.

By Amy Liu

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