ANALYSIS: Pending ESG Developments Impact 2023 Disclosures

The regulatory landscape for ESG in the US is far from settled. But with the recent passage of the California climate disclosure statute and a lingering SEC climate rule, we may be on the cusp of an entirely new ESG disclosure regime—provided these forthcoming rules survive awaiting legal challenges.

However, these and other pending developments are already impacting 2023 ESG-related public disclosures, according to a recent Bloomberg Law survey.

Climate, Politics Lead ESG Disclosure Impacts

Over half of the nearly 70 surveyed attorneys said that the SEC’s proposed climate rule impacted their clients’ ESG-related disclosures in 2023.

The runner-up ...