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Democratic-led SEC lets investors determine ESG materiality

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The agency likely will propose disclosure rules and has already outlined compliance shortfalls, according to experts at the InvestmentNews Global ESG Summit.

The Securities and Exchange Commission will write rules targeting climate-related financial risks in response to investor demand for the information, a move that is spurred in part by the new political atmosphere at the agency, an expert said Thursday.

Now that SEC Chairman Gary Gensler is in pla

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