SEC Commissioner Caroline A. Crenshaw defended the SEC's ESG disclosure proposal, calling it consistent with other disclosure requirements proposed by the SEC and responsive to the evolving demands of investors.
SEC Commissioner Mark T. Uyeda criticized the SEC's proposal to incorporate ESG factors into rulemaking, describing the proposals as "staggering in their complexity and reach."
In remarks at the 2022 Future of ESG Data conference, 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.
Senate Republicans requested information on the SEC's proposed climate disclosure rule. The proposed rule would require publicly traded companies to include climate-related risk disclosures in financial documents and report global warming data.
In remarks before the SEC Investor Advisory Committee, SEC Chair Gary Gensler and SEC Commissioner Hester M. Peirce squared off on climate-related risk disclosure policy, accounting for non-traditional financial information and investor protections.