A federal regulator is exploring the need for more uniform and robust environmental, social, and governance disclosures and labeling for municipal bonds in response to booming demand for sustainable investment products.
The Municipal Securities Rulemaking Board submitted a series of 25 questions to municipal bond issuers, dealers, advisers, and investors about their experiences with ESG designations and disclosures, according to a request for information issued Wednesday.
The board—which is overseen by the Securities and Exchange Commission—wants feedback from muni bond issuers about the criteria they use for ESG-labeled muni bonds, as well as any investor disclosures about ESG-related risk factors ...
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