Reuters
Published Jun 23, 2021 08:43AM ET
Updated Jun 23, 2021 01:48PM ET
By Katanga Johnson
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) may require public companies to publish data on a whole range of new areas, including greenhouse gas emissions, workforce turnover and diversity, as its new chairman looks to enhance the SEC's disclosure regime.
Gary Gensler, SEC chair, told a financial services industry audience during the annual London City Week he has also asked staff to consider potential requirements for companies that have made "forward-looking" climate commitments and have significant operations in foreign jurisdictions with required climate-related targets.
"I've asked staff to propose recommendations for the commission's consideration on human capital disclosure. This builds on past agency work and could include a number of metrics, such as workforce turnover, skills and development training, compensation, benefits, workforce demographics including diversity, and health and safety," Gensler said.
Gensler has already said https://www.reuters.com/business/sustainable-business/us-sec-chair-planing-new-workforce-data-disclosures-public-companies-2021-05-13 the agency plans to introduce new climate-related and human capital rules as it steps up environmental, social and governance (ESG) disclosure and last week closed a public consultation on a potential new rule.
His comments on Wednesday provide the clearest preview of what a rule would mandate when it is proposed, likely in October, based on the SEC's public agenda.
Investor groups have asked the agency for more corporate disclosures on climate change and human capital, while business interests have pushed back, Reuters has reported.
Gensler also said he had asked staff to explore structural changes to the U.S. Treasury cash and repo markets which have experienced a handful of liquidity crunches in recent years.
While the Federal Reserve has previously suggested https://www.reuters.com/article/us-usa-biden-treasury-markets-analysis-idUSKBN28Q1EV introducing central clearing was an option to help grease the wheels of the Treasury market, Gensler said he had asked staff to "consider the potential benefits" of clearing -- signaling a potential shakeup for the world's largest market long term.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.