SEC Urged by Advisory Panel to Tackle ESG Disclosures

The SEC’s Investor Advisory Committee says the “time has come” for the agency to consider requirements for certain environmental, social, and governance factors in public company disclosures.

The panel on Thursday approved a 10-page recommendation for the agency to consider whether ESG matters should be folded into the existing disclosure regime for public companies.

It’s a significant nudge for the SEC, as it’s coming from an internal advisory committee created specifically to address and relay concerns of investors in U.S. companies.

ESG-related disclosures have been batted around the SEC for years, and advocates point to the coronavirus pandemic as an ...