Speech by SEC Commissioner Hester M. Peirce: “It’s Not Just Scope 3: Remarks at the American Enterprise Institute”

It is not the Southeastern Conference Commissioner’s job to get into the huddle to pick what play the team should run. Nor is it the Securities and Exchange Commission’s job to tell companies how to operate. SEC disclosure mandates are intended to be flexible enough to facilitate material disclosures by companies of all sizes and types. Sometimes, however, the SEC looks more like a coach that is deciding a team’s offensive and defensive strategy than a neutral observer. Some aspects of the climate proposal, rather than simply ferreting out information about what companies are doing with regard to climate, may end up interfering with corporate decision-making and may do so in an inflexible way that does not take into consideration differences across companies.

Source: Speech by SEC Commissioner Hester M. Peirce: “It’s Not Just Scope 3: Remarks at the American Enterprise Institute”