Over the last couple weeks, the Securities and Exchange Commission has engaged in a whirlwind of activity related to climate change and environmental, social and governance investing. On Monday, the agency established a webpage to help the public keep track of what has become the agency’s highest-profile priority.
The site is part of the agencywide response to what the SEC says is soaring demand from investors for information about climate and ESG issues. A link at the top of the SEC homepage directs visitors to the site, which will be continuously updated.
The webpage highlights the SEC’s request for comment on climate disclosure, a directive on climate-related disclosures, an announcement that the SEC Division of Examinations has elevated ESG as an examination priority, an announcement of an enforcement task force on climate and ESG, and an investor bulletin.
“Our all-of-SEC approach looks at how climate and ESG intersect with our broader regulatory framework to get investors the information they need to plan for their financial future,” SEC Acting Chair Allison Herren Lee said in a statement.
The SEC’s intense focus on ESG issues is expected to continue after the Senate confirms Gary Gensler, the Biden administration’s nominee for SEC chair. In a Senate Banking Committee hearing earlier this month, Gensler voiced support for expanding corporate ESG disclosures.
When Gensler is confirmed, the SEC will have a 3-2 Democratic majority. The two Republican members of the commission, Hester Peirce and Elad Roisman, have pushed back against the SEC’s recent ESG moves.
Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B
“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.
The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO
For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.
Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions
Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
