In shift, top U.S. fund group backs sustainability disclosure rules

An investment industry leader on Monday urged U.S. regulators to require listed companies to disclose greenhouse gas emissions data and worker demographic information, endorsing efforts to make such details available to ordinary shareholders.

The call from Eric Pan, president of the Investment Company Institute, came in response to a request for public comment from the Securities and Exchange Commission (SEC) on how it might direct companies to report more about the environmental and social impact of their operations. The institute represents mutual funds, their shareholders and investment advisers.

The comments marked a...