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Gensler Says SEC's Climate-Change Plan Falls Under Agency's Authority

  • Agency calling for detailed comments on climate-change plan
  • Proposal faces industry pushback, potential legal challenges
Bloomberg business news
SEC Hones in on ESG Rules

U.S. Securities and Exchange Commission Chair Gary Gensler zeroed in on his view that it is within the agency’s remit to require companies to disclose details about their greenhouse gas pollution. 

The SEC will consider all public comments, including from people who are against the agency’s plan, as the regulator weighs changes to a proposal announced last month that would change how corporations disclose their climate-change risks, Gensler said in remarks at a conference on Tuesday. The plan is consistent with other SEC rules and the agency needs to “hear all sides,” Gensler said.