Le Lézard
Classified in: Environment, Science and technology, Business
Subjects: LAW, ENI, ESG

Wolters Kluwer ESG Expert Provides Analysis on SEC's Historic Proposed Disclosure Rules on Climate Change


Wolters Kluwer senior legal analyst highlights recent developments on the SEC's proposed disclosure rules in light of the public comment period's new June 17 deadline

NEW YORK, May 16, 2022 /PRNewswire/ --

What: ESG Spotlight

Why:  On March 21, 2022, the Securities and Exchange Commission (SEC) issued proposed rules that would impose substantial new disclosure obligations for SEC registrants and require public companies to include extensive climate-related information in their public filings. With the recent 30-day extension to the proposal's original May 20th end date for public comment, battle lines over the proposed rules are starting to emerge as interested parties weigh in on the rules' potential reach and impacts.

In defending the SEC's historic risk disclosure proposal at a recent public briefing, SEC Chairman Gary Gensler underscored that the agency's core bargain with investors from the 1930s that investors get to decide which risks to take, as long as public companies provide full and fair disclosures. Gensler again asserted the need for SEC action to mandate climate-related disclosures and information relevant to investors' decisions. Meanwhile, members of Congress from both sides of the aisle are voicing opposition to the proposal with promises of court action if the rules are approved in their current form.

Who: Brad Rosen, J.D., Senior Legal Analyst

Brad Rosen is a Senior Legal Analyst for Wolters Kluwer Legal & Regulatory U.S. For more than 25 years, Brad served as general counsel for a number of firms involved in the financial markets and has provided legal counsel across a wide range of transactional and litigation matters. Brad's areas of expertise and focus include legal and regulatory developments related to climate change, sustainability, and ESG matters, futures and derivatives, and digital assets. Brad also closely tracks legal practice and technological innovation.

"With congressional and industry opponents claiming the SEC's proposed climate rules far exceed the agency's legal authority, Chairman Gensler appears to be readying for a legal fight by focusing on the Commission's 'long tradition' of mandating relevant risk disclosures, as well as overwhelming demands from investors for consistent, comparable and useful information on climate-related risks." ? Brad Rosen, J.D., Wolters Kluwer Senior Legal Analyst

Contact: To arrange an interview with Brad Rosen or other legal experts from Wolters Kluwer Legal & Regulatory U.S. on this or any other legal related topics, please contact Linda Gharib: [email protected] 

About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2021 annual revenues of ?4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on LinkedInTwitter, Facebook, and YouTube.

MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: [email protected] 

 

SOURCE Wolters Kluwer Legal & Regulatory U.S.


These press releases may also interest you

1 oct 2022
Consolidated Edison, Inc. ("Con Edison") today announced that it entered into a purchase and sale agreement pursuant to which Con Edison agreed to sell its interest in its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. and its...

1 oct 2022
CGN Europe Energy ("CGN"), a European leader in green energies, is co-organizing the open day of its wind farms located in the south of the city with Town Hall of Assac. Themed "From Wind Farms to Windmills", the 6 kilometers hike is also the first...

1 oct 2022
The most sustainable coffee pod now encapsules the most sustainable coffee. Smile Coffee Werks® upgraded its coffee beans to Fair Trade and USDA Organic ? an astounding compliment to its plant-based, Carbon Neutral, and USDA Biobased pods that are...

30 sep 2022
AIDS Healthcare Foundation (AHF), the largest, non-profit global AIDS organization, in partnership with Broward House is pleased to announce that on Saturday, October 1st, 2022, the opening of a new site for its Food For Health Program in the city of...

30 sep 2022
The MolinaCares Accord ("MolinaCares"), in collaboration with Molina Healthcare of Florida ("Molina"), is donating $300,000 to the Florida Disaster Fund, Farm Share, Harry Chapin Food Bank, and Latino Leadership in the aftermath of Hurricane Ian's...

30 sep 2022
Azure Printed Homes (Azure), innovators of 3D printing building technology of recycled plastic, has been selected by Re-Inhabit, a Southern California home builder, for the production of ten 3D printed homes. Re-Inhabit plans to initially install...



News published on 16 may 2022 at 11:00 and distributed by: