As the Securities and Exchange Commission (SEC) releases its rules on climate disclosure, concerns arise regarding their implementation. With global regulations on the rise, including in the EU, China, and domestically in California, there is a debate on whether the US may fall behind in climate disclosure.
There is a growing pushback against using Environmental, Social, and Governance (ESG) criteria for investment decisions. Asset managers are under pressure to minimize their ESG focus, with alliances like the Net Zero Insurance Alliance experiencing member exits due to concerns over antitrust laws.
