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Testimony before the Financial Services and General Government Subcommittee of the Senate Committee on Appropriations

Testimony before the Financial Services and General Government Subcommittee of the Senate Committee on Appropriations
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Enhancing Focus On The SEC s Enhanced Climate Change Efforts: SEC Commissioner Hester M Peirce, SEC Commissioner Elad L Roisman, March 4, 2021

Enhancing Focus On The SEC’s Enhanced Climate Change Efforts: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, March 4, 2021 Date 04/03/2021 Over the past two weeks, we and the public have seen a steady flow of SEC “climate” statements and press releases.[1]  Our Divisions of Corporation Finance, Examinations, and Enforcement all have announced climate- or ESG-related initiatives.  What does this “enhanced focus” on climate-related matters mean?  The short answer is: it’s not yet clear.  Do these announcements represent a change from current Commission practices or a continuation of the status quo with a new public relations twist?  Time will tell.  In the meantime, it is important to contextualize the recent announcements by providing some historical and procedural background. 

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