Per media reports of last week’s annual Conference on Financial Market Regulation, Securities and Exchange Commission (SEC) Chair Gary Gensler announced that the SEC will propose a rule requiring public companies to provide certain human capital disclosures, including workforce metrics relating to diversity, turnover rate and a breakdown of the number of full and part-time employees. The announcement was made as the SEC is in the midst of developing a robust reporting framework for Environmental, Social and Governance (ESG), and it underscores that the SEC’s yet-to-be revealed approach will extend well beyond sustainability.
New SEC ESG Disclosure Rules to Extend to Climate, Human Capital and More
By: Kenneth J. Markowitz, Lucas F. Torres, Jacob Shapiro (Associate)
