SEC Commissioner Lizárraga Says ESG Disclosure Proposals Respond to Investor Demand
SEC Commissioner Jaime Lizárraga highlighted rulemakings on climate and ESG disclosure that address investor demand for useful qualitative and quantitative information about issuers and funds.
In remarks at the 2022 Future of ESG Data conference, Mr. Lizárraga argued that the SEC must keep pace with the changing needs of investors, who are currently focused on ESG and sustainable investment metrics.
The rulemakings concern (i) climate risk disclosures, (ii) fund and investment adviser ESG disclosures and (iii) ESG-related fund names. Mr. Lizárraga said that the proposals will give investors qualitative and quantitative metrics that provide for a high degree of comparability across issuers and funds. He said that the proposals will assist investors in differentiating between market participants on the basis of ESG-related claims, leading to more informationally sound investing decisions. Mr. Lizárraga reported that the SEC is in the process of reviewing thousands of comments on these proposals.
Available only to Premium subscribers.