The purpose of this letter is to provide context from the municipal issuer perspective as the Board discusses ESG practices in the municipal market, and in particular discuss with market participants the potential action items MSRB may consider within its regulatory scope. We want to be sure that you are aware of our efforts and industry efforts to highlight ESG disclosures for issuers. The observations that we share are reflective of the 22,000 issuers that GFOA represents.

• Publication date: March 2022