By Mark Kaplan (January 4, 2022, 6:28 PM EST) – In October 2021, U.S. Securities and Exchange Commission Chairman Gary Gensler noted in congressional testimony that he had instructed the staff of the SEC to develop proposals for climate risk disclosure rules.
And as recently as December 2021, Gensler and SEC Acting Chief Accountant Paul Munter noted investors’ desire to communicate on climate risks, as well as the existence of ongoing projects regarding climate risk disclosure rules.
These remarks follow the announcement by the SEC in March 2021 of the creation of the Climate and ESG Task Force within the Division of Enforcement. In the announcement, the SEC noted that the original purpose of this climate and…
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