SEC emissions disclosure rule could come later than expected

Securities and Exchange Commission (SEC) spokesperson Mellissa Campbell Duru said last week the expected October release date for the commission’s emissions disclosure rule was a best estimate that could be inaccurate, according to a Bloomberg Law report. Campbell Duru also said the SEC—like BlackRock CEO Larry Fink and others in the capital markets—wants to limit its use of the term ESG, opting instead to focus on what it calls emergent risks in its regulation. She said the commission wants “all material risks disclosed, whether or not they are labeled as ESG.”

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