• Gustavo Bernal Torres

U.S. Regulator Launches Review of Companies' Climate Risk Disclosures

The SEC announced that it will update its guidelines on how publicly traded companies should disclose climate change-related risks to investors-

  • “Now more than ever, investors are considering climate-related issues when making their investment decisions. It is our responsibility to ensure that they have access to material information when planning for their financial future.” - U.S. Securities and Exchange Commission, Acting Chair Allison Herren Lee.

  • Lee herself has criticized the SEC’s lack of clear guidance on Environmental, Social, and Governance - known as ESG - disclosures, saying in August that many market participants use the rubric as a “significant driver in decision-making.”

Source: https://www.reuters.com/article/us-usa-climate-sec/sec-to-focus-on-climate-disclosures-in-company-filings-acting-chief-idUSKBN2AO2LZ


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