The Wind of Change – The SEC Issues Its Long-Expected Disclosure Rule
“The future’s in the air; can feel it everywhere; blowing in the wind of change.” – Scorpions__\[1\]__ The title and opening quote are not meant for either histrionic or empty platitudes, but to convey a slow-but-steady process that has been transpiring in the U.S. As addressed in our recent piece, A (Surprising) Convenient Truth – ESG Considerations Find a Foothold in the U.S. What’s in the Rule?“It is what it is. But, it will be what you make it.” – Pat Summitt__\[2\]__ Under the proposed rule, all publicly traded companies would have to disclose their climate-related risks in their financia...