Congress Turns Up The Heat On ESG And Climate-Related Disclosures

Political divisiveness has perpetuated dueling realities in Congress over ESG and climate related disclosures. While the rest of the world is moving forward to require such disclosures, this politicization has slowed parallel efforts in the U.S. If Congress cannot find common ground to support climate-related disclosures that align with those already approved by others, the U.S.’ global leadership position in capital markets may be undermined. The U.S. needs to move quickly and act decisively to maintain its place on the world stage.