After the SEC’s acting chair indicated the US could introduce mandatory ESG disclosures, experts are laying out the arguments against it.
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The US is set to enter a full blown debate over environmental, social and governance (ESG) disclosures. Last month the Securities and Exchange Commission’s acting chair Allison Herren Lee signalled in a speech that the regulator was working on a raft of changes for companies to make climate change disclosures.
The arguments setting obstacles in the way are now being rehearsed. This week Vanderbilt University law professor Amanda Rose set out her “ESG fuzziness” claim. Referring to the prospect of introducing a new mandatory ESG reporting regime, Rose writes the “vagueness” of ESG definitions makes it difficult to identify the mos
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