The Biden administration has nominated Gary Gensler to chair the US Securities and Exchange Commission (SEC), signaling a return to tougher regulation and enforcement for the agency. A number of media reports suggest that Gensler is expected to expand the [su_tooltip style=”yellow” rounded=”yes” title=”Read more on SEC’s ESG Mandate” content=”SEC Announces Enforcement Task Force Focused on Climate and ESG Issues”]SEC’s Environmental, Social and Governance (ESG) mandate[/su_tooltip].
Newly inaugurated President Biden has placed climate change among his top priorities, and has spoken in recent days about the need for companies to disclose more environmental information. If confirmed as the country’s top securities regulator, Gensler seems set, in particular, to take a new and vigorous approach to corporate disclosure of climate-change related risks and impacts. Read more