As Biden Weighs In, SEC Backs Industry Call For Climate Disclosure Metrics

As President Joe Biden meets with financial regulators to discuss climate and other regulatory issues, a top official is echoing industry calls for the Securities & Exchange Commission’s (SEC) upcoming proposed climate disclosure rule to balance the broader use of metrics with principle-based reporting focused on the materiality of climate risks. “What is the right balance between metrics and principles” are among the “most challenging questions” facing the SEC as it works to draft its disclosure rule expected to be...