Harvard Corporate Governance Blog Publishes Akin Gump Article on the Potential for New ESG Disclosure Requirements
Contact:
The Harvard Law School Forum on Corporate Governance has published the article “Biden’s ‘Money Cop’ to Shine a Light on ESG Disclosure,” written by Akin Gump partners Stacey Mitchell and Cynthia Mabry, consultant Kenneth Markowitz, and associates Meaghan Jennison, and Bryan Williamson.
The article, which is adapted from an Akin Gump client alert, reports that mandatory environmental, social governance (ESG) requirements could be an early priority for Gary Gensler, President Biden’s pick to lead the Securities and Exchange Commission, amid “increasing calls from within the SEC to require material ESG risk disclosures.” The authors also note that the European Union recently implemented “mandatory ESG disclosure requirements, and the U.K. imposed mandatory climate-related financial disclosures” of its own.
Other U.S. monetary institutions, such as the Commodity Futures Trading Commission, the Federal Reserve and the U.S. Treasury Department, have also begun to embrace environmental disclosures as central to market stability, the article says.
To read the article in its entirety, please click here.
