January 23, 2022

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SEC Chairman Gensler Re-Affirms Focus on Climate Disclosures

SEC Chairman Gensler, in a set of prepared remarks before the Investor Advisory Committee that focused on cryptocurrency, nonetheless availed himself of the opportunity to once again emphasize that "investors . . . are looking for consistent, comparable, and decision-useful disclosures" concerning "climate . . . risks."

This repeated emphasis on climate disclosures by the leaders of the SEC reinforces their oft-stated intent to promulgate new regulations that will detail disclosure requirements for companies focusing on climate change risk. Such regulations have been a stated priority of the Biden Administration since its inception, although they have not yet been promulgated or implemented. The constant statements by senior SEC officials about these expected climate disclosures reinforces that this initiative has not been abandoned by the Biden Administration's SEC, and that these new regulations are still expected to be issued.

{ Today, investors increasingly want to understand the climate and cybersecurity risks, as well as the human capital, of the companies whose stock they own or might buy. Large and small investors, representing literally tens of trillions of dollars, are looking for consistent, comparable, and decision-useful disclosures in these areas to determine whether to invest, sell, or make a voting decision one way or another.

 

©1994-2022 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume XI, Number 337
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About this Author

Jacob Hupart Commercial Attorney Litigation Mintz Levin Cohn Ferris Glovsky and Popeo PC
Member

Jacob has a multifaceted litigation practice that encompasses complex commercial litigation, including cases involving securities, employment, and environmental claims, as well as class action litigation, white-collar criminal defense, and regulatory investigations. He has extensive experience handling all phases of litigation before federal and state courts, managing discovery, and conducting settlement negotiations. Jacob has represented clients in a variety of industries, including financial services, energy, education, and the media.

Prior to joining Mintz, he was an associate...

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