SEC Chair Says Climate Disclosures Aren't One-Size-Fits-All

Law360 (November 19, 2020, 4:18 PM EST) -- Outgoing U.S. Securities and Exchange Commission Chairman Jay Clayton on Thursday urged regulators to think carefully before mandating environmental-related disclosures, saying one-size-fits-all metrics may not be suitable given the varied impacts of climate change on different industries.

Jay Clayton, who will leave his role as head of the SEC amid the presidential transition, said in a virtual speech Thursday that disclosure policies should be flexible to account for how climate risks affect industries differently. (AP Photo/Jacquelyn Martin, File)

Clayton, who is stepping down from the SEC at the end of 2020 after more than three years leading the agency, addressed several...

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