If there were any doubts the Securities and Exchange Commission (SEC) under the Biden administration will increase its expectations of public companies to assess and disclose climate change-related risks, they were laid to rest Wednesday.
Acting SEC Chair Allison Herren Lee said in a statement she has ordered the agency’s Division of Corporate Finance to “to enhance its focus on climate-related disclosure in public company filings.” Lee said the Division will begin reviewing the SEC’s 2010 guidance on climate change disclosure “to take into account developments in the last decade.”
