U.S. Securities and Exchange Commission Chairman Gary Gensler gave a forceful defense of new rule proposals that would require public companies to disclose their greenhouse gas emissions in their annual reports, along with risks related to climate change in a speech Tuesday.
Gensler pointed to data showing that roughly 70% of companies in the Russell 1000 index RUI are publishing sustainability reports that include information about climate risks, and the SEC’s new rule making push is largely about creating standards companies…
