The SEC’s intensity about ESG policy is likely to continue under Gary Gensler, the Biden administration’s nominee for SEC chair who will give Democrats a 3-2 edge on the commission. He voiced support for ESG disclosures at his Senate confirmation hearing earlier this month. The Senate is expected to vote soon on his nomination.
The heightened political tension at the SEC surrounding ESG is likely to continue as the agency does its part in the overall Biden administration emphasis on climate policy.
“There’s not likely to be consensus,” said Carlo di Florio, global chief services officer at ASG Group, a governance, risk and compliance consulting firm.
Source: SEC’s emphasis on ESG creates friction between members – ESG Clarity US