Page 9 - காலநிலை வெளிப்படுத்தல் தரநிலைகள் பலகை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Biden names Allison Herren Lee as acting chair for SEC
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IIRC revises integrated reporting framework
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Sustainability groups come together on prototypes of financial disclosure standards
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[co-author: Kingsly McConnell, Associate at Marten Law]
Incoming President-elect Biden s climate change agenda will likely reach the Securities and Exchange Commission (SEC), which under a new Chairperson is expected to establish new disclosure requirements for publicly traded companies to inform investors of the exposure to climate change risks and the potential impacts of upcoming climate change-related regulations.
After SEC Chairman Clayton steps down by the end of the year, President-elect Biden will select a new SEC Chairperson and has signaled that his Administration will prioritize climate-related rulemaking. Current Democratic SEC Commissioner Allison Lee has advocated strongly for robust climate risk disclosures. Janet Yellen, President-elect Biden’s nominee for Treasury Secretary, a position that heads the Financial Stability Oversight Council that can recommend agencies undertake new rulemakings, has also shown interest in establishing climate risk disclosures.