Peirce’s concerns about ESG rulemaking could split SEC The Republican SEC commissioner's doubts provide ammunition to those who want to push back against mandatory disclosures. July 21, 2021 3 MINS They weren’t as numerous as Martin Luther’s theses, but the 10 concerns raised by Securities and Exchange Commission member Hester Peirce about oversight of sustainable investing further illustrate that there’s likely to be a schism over the topic at the agency. In remarks Tuesday at an online event sponsored by the Brookings Institution, Peirce outlined challenges the SEC faces as it proceeds toward mandatory environmental, social and governance disclosures by public companies.