How an investor helped Netflix disclose its ESG performance Sachin Nagarajan | 29 Jul 2021Text size
Lily Bowles is a Netflix subscriber and shareholder. She believes in the company’s ability to not only entertain but also challenge prejudice and create a greater sense of human connection.
As a self-described steward of her capital, Bowles wanted to know how Netflix (NFLX), whose stock she first bought in 2016, was performing on material environmental, social, and governance risks. These are sustainability issues that can be reasonably expected to have a financial impact on a company.
Bowles’ finance background, and her roughly 20 years as a Netflix viewer, made her uniquely positioned to get information on Netflix’s material ESG risk performance.
Policy implications for SA: Upward phase of the super-c
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Peirce’s concerns about ESG rulemaking could split SEC
The Republican SEC commissioner s doubts provide ammunition to those who want to push back against mandatory disclosures.
July 21, 2021 3 MINS
They weren’t as numerous as Martin Luther’s theses, but the 10 concerns raised by Securities and Exchange Commission member Hester Peirce about oversight of sustainable investing further illustrate that there’s likely to be a schism over the topic at the agency.
In remarks Tuesday at an online event sponsored by the Brookings Institution, Peirce outlined challenges the SEC faces as it proceeds toward mandatory environmental, social and governance disclosures by public companies.