The Impact Investing Institute has signed a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission, urging the Commission to prioritise publishing a comprehensive set of human capital management disclosure requirements for U.S.-listed companies.

Sarah Gordon, Chief Executive of the Impact Investing Institute, says:

“Investors are increasingly demanding a greater level of transparency on the social impact of their investments, impacts which can be significantly affected by a company’s human capital management.  

“Disclosing such information, from compensation to diversity practices, will not just help investors make more informed decisions on impact grounds – investments in human capital have also been proven to be associated with higher risk-adjusted returns and overall outperformance compared to benchmarks.” 

Alongside calling for a rulemaking to be prioritised, the signatories called for the Commission to pursue a comprehensive set of both quantitative and qualitative disclosure requirements, from employee diversity demographics by seniority to workforce culture and worker empowerment. The Commission was also encouraged to consider applying appropriate assurance requirements to equip investors with high-quality information on which to base their investment decisions.  

Fellow signatories of the letter include the U.S. Impact Investing Alliance, the Global Steering Group for Impact Investment, Ford Foundation and B Lab US & Canada.

For more information, please find the full letter here.


Notes to editors

For more information, contact:

George Salmon, Events and Communications Officer, Impact Investing Institute: [email protected], +44 77 49 74 17 93

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