CII sent a letter on May 20 to the SEC generally supporting the basic disclosure requirements in the commission’s March 21 proposed rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” but also recommending changes to the proposed initial compliance dates and to the threshold for the proposed footnote disclosure on climate-related metrics and impacts.

CII members filed many proposals asking companies to disclose their lobbying spending and policies, as well as resolutions seeking disclosure of corporate political contributions.

?At Dominion Energy’s May 11 annual meeting, a proposal asking the company to report on how it is responding to the risks presented by stranded natural gas assets passed, receiving 80% of the votes cast.

To help pension funds draft contracts establishing minimum environmental, social and governance (ESG) guidelines in investment agreements with asset managers, the Pension Fund Coalition for Inclusive Capitalism May 16 released model ESG contract language.

At a May 19 Senate Banking Committee hearing two nominees to be SEC commissioners, Jaime Lizárraga and Mark Uyeda, provided some insight into what they would focus on if confirmed by the Senate.

Senate Banking Committee Ranking Member Pat Toomey (R-Penn.) and Sen. Dan Sullivan (R-Alaska) on May 18 introduced the Investor Democracy is Expected (INDEX) Act that takes aim at voting power of Wall Street’s largest investment advisors and their index funds.