ESG Plan Fails to Shield Retail Traders: SEC Roundup

Welcome to SEC Roundup, a bimonthly video collection by Paul Hastings companions and former Securities and Trade Fee senior trial counsels Nick Morgan and Tom Zaccaro exploring present SEC matters with thought leaders and business specialists.

On this episode, Morgan and Zaccaro discuss with George Washington Legislation College Professor of Company Governance Larry Cunningham concerning the SEC’s proposed rule on public firm local weather disclosures, which might require registrants to offer sure climate-related info of their registration statements and annual experiences.

The remark interval was prolonged to June 17.

Cunningham informed the SEC in a remark letter together with different legal professionals and teachers that “the SEC’s current proposal to impose intensive necessary climate-related disclosure guidelines on public firms exceeds the SEC’s authority.”

Moderately than present “investor safety,” the SEC’s plan, they wrote “appears to be closely influenced by a small however highly effective cohort of environmental activists and institutional traders, principally index funds and asset managers, selling local weather consciousness as a part of their enterprise fashions.”

See the video above for the dialogue with Cunningham.

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