Climate disclosure rules taking shape would impact bottom line (The Wall Street Journal)

The SEC wants more disclosures on climate risks, emissions and other ESG related data so that investors have consistent and accurate information from companies to compare. In an interview with The Wall Street Journal, FrontLine’s Founder and President Amy Lynch comments that if SEC rulemaking comes to fruition, increased compliance activities would be needed to meet the heavy lift of new ESG requirements. The SEC’s projections on these related costs tend to underestimate the financial commitment that would be needed, states Ms. Lynch, and compliance costs could easily exceed SEC estimates. The Wall Street Journal (subscription required), ““Finance Teams Gear Up for Potential New SEC Climate Disclosure Rules”