The American House of Representatives just passed a new piece of legislation that asks publicly listed companies to disclose Environmental, Social, and Governance (ESG) metrics. The bill was passed with 215 pro and 214 against, and it was sent to the Senate.
According to the bill, “sustainable finance” is the “provision of finance with respect to investments taking into account environmental, social, and governance considerations.” Maxine Waters, the House Financial Services Chairwoman declared that this would help investors make the “best investment decision” while also holding companies “accountable.”
The bill also means that the SEC will have to create a permanent advisory committee, called the “Sustainable Finance Advisory Committee.”
“This will accelerate the conversion of Bitcoin mining companies to the use of green energy,” declared Colin Wu, a Chinese journalist.
Source: Ambcrypto.com