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SEC Signals Tougher Rules for Corporate Climate Disclosures

March 15, 2021, 6:18 PM

The U.S. Securities and Exchange Commission is sending its strongest signal yet that corporations will have to disclose more to shareholders about how climate change affects their businesses.

Allison Herren Lee, the regulator’s acting chair, announced Monday that the agency will solicit public comment on potential policy changes. “It’s time to move from the question of “if” to the more difficult question of how we obtain disclosure on climate,” Lee said in a speech before the Center for American Progress, a Democratic trade group.

Lee is setting the stage on climate for Gary Gensler, President Joe Biden’s pick ...