SEC breaks with global authority on environmental, social disclosures

25 January 2019 8:00pm
The US Securities and Exchange Commission has distanced itself from a global authority’s statement encouraging companies to consider disclosing major business risks stemming from environmental, social and governance issues.

The International Organization of Securities Commissions said last week that companies should weigh revealing “material” risks as well as how they monitor these developing threats.

The Securities and Exchange Commission didn’t vote on the Iosco document, according to a footnote at the bottom of the international statement.