New climate disclosure rules are unlikely to survive under the incoming Republican-led Securities and Exchange Commission (SEC) and the Commission’s pro-ESG leanings.
In a Wall Street Journal article, partner Michael Littenberg, global head of the firm’s ESG, CSR and Business and Human Rights practice, explained that SEC chair Gary Gensler led one of the most ambitious rule-making efforts, adopting rules that require public companies to make disclosures relating to climate matters. These SEC rules are facing legal challenges and are not likely to survive.
Michael said that while Gary Gensler had a very ambitious ESG-related agenda, his success in implementing that agenda will be viewed as mixed.
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