What new ESG approach ‘double materiality’ means – and why JPMorgan is a fan
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Double materiality is not incorporated in Securities and Exchange Commission rules or proposals.
PHOTO: NYTIMES
NEW YORK – Should a business or an investment fund care only about how environmental, social justice and governance (ESG) issues affect its bottom line, or should it also be attuned to how its operations affect the world?
These questions get at the heart of something called “double materiality”.
