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handle is hein.amenin/aeiaeko0001 and id is 1 raw text is: AMERICAN
ENTERPRISE
~ ~ INSTmUTE
Comment to the Securities and Exchange Commission
Proposed Rule: Enhanced Disclosures by Certain
Investment Advisers and Investment Companies
About Environmental, Social, and Governance
Investment Practices
Benjamin Zycher
Senior Fellow, American Enterprise Institute
August 15, 2022
Securities and Exchange Commission
File No. S7-17-22
RIN 3235-AM96
Submitted through the Securities and Exchange Commission Portal:
https://www.se  '. \gov/cgi-b S/r ng-    meNnts
This comment is submitted to the Securities and Exchange Commission on the proposed
rule Enhanced Disclosures by Certain Investment Advisers and Investment Companies About
Environmental, Social, and Governance Investment Practices. It is organized as follows:
Summary
I.   The Example of Blackrock.
II.  The Pursuit of ESG Definitional Consistency Will Harm Investors.
III.  Observations on ESG Investing As An Artificial Constraint.
IV.   Market Competition As the Proper Source of the Relevant Definitions.
V.   The Proposed Greenhouse Gas Disclosure Requirement Is Sophistry.
VI.   Conclusions.
' The proposed rule is at htt s://www.seegov/r4Ies/p ro osed/2022 33-11068, dt.
The American Enterprise Institute (AEI) is a nonpartisan, nonprofit, 501(c)(3) educational organization and
does not take institutional positions on any issues. The views expressed in this testimony are those of the
author.

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