SEC Chair Gensler: Draft climate disclosure rule coming this year

Securities and Exchange Commission (SEC) Chairman Gary Gensler is saying climate risk disclosure rules will be proposed by the end of the year, making a full-throated case for why the information is needed to ensure the stability and transparency of markets. “Companies and investors alike would benefit from clear rules of the road. I believe the SEC should step in when there’s this level of demand for information relevant to investors’ decisions,” Gensler told the Principles for Responsible Investment virtual...