SEC Responds to Investor Demand for Climate Risk, Human Capital Management Disclosures
by Alexandra N. Farmer, Jennie Morawetz, Sofia Martos, Robert M. Hayward, P.C., Sophia Hudson, P.C., Edward J. Lee, P.C., Shaun J. Mathew, P.C., Sara K. Orr, Emilie A. Jones and Donna H. Ni
Appearing before the Senate Committee on Banking, Housing, and Urban Affairs on September 14, 2021, U.S. Securities and Exchange Commission (“SEC”) Chair Gary Gensler testified to the burgeoning investor demand “for consistent, comparable, and decision-useful disclosures” around climate risk and human capital management, and stated his belief that “the SEC should step in when there’s this level of demand for information relevant to investors’ investment decisions.”
In two recent client Alerts, we discuss SEC activity with respect to climate change and human capital management and board diversity disclosure requirements for public companies. (Continue reading)