On October 21, the Securities and Exchange Commission published comments by SEC Commissioner Allison Herren Lee at the PRI/SLEG (Principles for Responsible Investment and the London Stock Exchange Group) Investor Action on Climate Webinar. In her speech, Commissioner Lee noted:
“…our staff is actively engaged now in assessing how we can best facilitate the disclosure of consistent, comparable, and reliable climate-related information. Fortunately, as we consider a potential climate disclosure proposal, we don’t have to start from scratch. Far from it.”
“…we must seek ways to collaborate across jurisdictional boundaries to promote consistency in climate-related disclosure. An important and promising international effort is the IFRS Foundation’s work on an international sustainability standards board, or the ISSB. The ISSB can hopefully provide an international baseline for sustainability reporting on which individual jurisdictions can build. Such an approach would balance both the need for consistency across borders with the particular needs of individual jurisdictions. The SEC, through IOSCO and other international work streams, is engaged in efforts to assist in this work, and I look forward to continued progress on that front.”
Read Commissioner Lee’s speech.