ESG disclosure requirements on the horizon (Law360)

The SEC has established a post specifically to advise on ESG regulatory issues. The naming of Satyam Khanna as a senior policy adviser for ESG signals that efforts are underway at the SEC for formulating ESG regulations, concludes Amy Lynch, FrontLine’s Founder and President. Ms. Lynch comments that ESG-like mandates will likely be relied on to review Wall Street firms and other corporations to see what business lines would fall under potential new regulations, including requiring ESG specific disclosures. She adds that current global standards may be the benchmark for determining the standards that fit US firms and form the basis for proposing ESG regulations. See Law360 (subscription required), “SEC Names ESG Adviser Amid More Progressive Agenda“