Thanks for sharing Ted Dziekanowski, a useful summary of the status of ‘Environment’ reporting under ESG and the Securities and Exchange Act.

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Thanks for sharing Ted Dziekanowski, a useful summary of the status of ‘Environment’ reporting under ESG and the Securities and Exchange Act. But note the myths and importantly the cyber security disclosure statement.

SEC Chairman Gary Gensler indicated recently that the SEC will ¢â‚¬Å“soon¢â‚¬Â release a notice of proposed rulemaking on climate risk-related disclosures, after the Commission has had time to consider the responses to the currently open public comment period on climate risk disclosures (Climate Change Disclosures RFI). He declined to provide a more specific timeline, but he said the SEC will move ¢â‚¬Å“expeditiously¢â‚¬Â on the proposed rulemaking and will also start to work on human capital disclosures. The SEC staff is currently developing recommendations on human capital disclosures as well as cybersecurity disclosures.

So it is very likely that ESG will require cyber security disclosure under the regime. Under the ESG regime public companies under SEC oversight will be required to evaluate their material cyber risks and report them to the SEC as part of their annual reports.

#cybersecurity‚ #SupplyChainRiskManagement‚ #CyberRiskManagement‚ #riskmanagement‚ #compliance‚ #insurance‚ #cyberinsurance‚ #insurance‚ #regulatorycompliance‚ #regulatoryoversight

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