SEC Chair Gensler Open to Tailoring Rules for Climate-Related Disclosures

SEC Chair Gensler Open to Tailoring Rules for Climate-Related Disclosures
(Bill Clark/Pool via AP)
U.S. Securities and Exchange Commission Chair Gary Gensler told Congress that the agency is open to a gradual and tailored approach to increases in climate-related disclosures from public companies.
The SEC has expressed interest in beefing up both qualitative and quantitative disclosures from companies not only regarding the risks that climate change poses to their businesses, but the strategy and governance those companies are adopting to respond to them.
Gensler told the House Financial Services Committee on Tuesday that SEC staff is currently looking at possible rulemaking. But Gensler suggested he was open to slowing the rollout of any rules, saying he could “potentially even phase the implementation amongst large and small issuers and also amongst the different types of disclosures.”
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