Uncertainty, Inevitability Abound as SEC Crawls Toward Finalization of ESG Rules
Demand for environment, social and governance disclosures may finally be met with federally standardized reporting, but how the agency will meet those goals is still unclear.
August 15, 2022 at 01:13 PM
5 minute read
Regulation
- Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM
Clients and attorneys are already sounding off about the future of the U.S. Securities and Exchange Commission rules for environment, social and governance disclosures even if the details are still in flux.
"We are certainly seeing a lot more interest in legal advice around ESG disclosure and ESG oversight at the board and management level, given the increased regulatory attention to ESG disclosures and anticipated private litigation," said Carolyn Frantz, senior counsel at Orrick, Herrington & Sutcliffe, who leads the firm's ESG practice.
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