Expect New SEC Leadership To Require More ESG Reporting
Law360 (January 8, 2021, 4:52 PM EST) -- Public companies should expect more environmental, social and governance-related disclosure requirements, focusing initially on climate risk.
An element of President-elect Joe Biden's platform has been "[r]equiring public companies to disclose climate risks and the greenhouse gas emissions in their operations and supply chains." More recently, Biden has made clear that climate risks will be a financial regulatory priority when introducing his key economic and financial advisers.
Janet Yellen, his pick for secretary of the U.S. Department of the Treasury, promised to advance "investments that will create jobs and address the tremendous challenge of climate change." While a new U.S. Securities and...
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