Wolters Kluwer WKL

AMS: WKL | ISIN: NL0000395903   28/03/2024
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Wolters Kluwer ESG Expert Provides Analysis on SEC's Historic Proposed Disclosure Rules on Climate Change

Wolters Kluwer senior legal analyst highlights recent developments on the SEC's proposed disclosure rules in light of the public comment period's new June 17 deadline

NEW YORK, May 16, 2022 /PRNewswire/ --

What: ESG Spotlight

Why:  On March 21, 2022, the Securities and Exchange Commission (SEC) issued proposed rules that would impose substantial new disclosure obligations for SEC registrants and require public companies to include extensive climate-related information in their public filings. With the recent 30-day extension to the proposal's original May 20th end date for public comment, battle lines over the proposed rules are starting to emerge as interested parties weigh in on the rules' potential reach and impacts.

In defending the SEC's historic risk disclosure proposal at a recent public briefing, SEC Chairman Gary Gensler underscored that the agency's core bargain with investors from the 1930s that investors get to decide which risks to take, as long as public companies provide full and fair disclosures. Gensler again asserted the need for SEC action to mandate climate-related disclosures and information relevant to investors' decisions. Meanwhile, members of Congress from both sides of the aisle are voicing opposition to the proposal with promises of court action if the rules are approved in their current form.

Who: Brad Rosen, J.D., Senior Legal Analyst

Brad Rosen is a Senior Legal Analyst for Wolters Kluwer Legal & Regulatory U.S. For more than 25 years, Brad served as general counsel for a number of firms involved in the financial markets and has provided legal counsel across a wide range of transactional and litigation matters. Brad's areas of expertise and focus include legal and regulatory developments related to climate change, sustainability, and ESG matters, futures and derivatives, and digital assets. Brad also closely tracks legal practice and technological innovation.

"With congressional and industry opponents claiming the SEC's proposed climate rules far exceed the agency's legal authority, Chairman Gensler appears to be readying for a legal fight by focusing on the Commission's 'long tradition' of mandating relevant risk disclosures, as well as overwhelming demands from investors for consistent, comparable and useful information on climate-related risks." — Brad Rosen, J.D., Wolters Kluwer Senior Legal Analyst

Contact: To arrange an interview with Brad Rosen or other legal experts from Wolters Kluwer Legal & Regulatory U.S. on this or any other legal related topics, please contact Linda Gharib: lrusmedia@wolterskluwer.com 

About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on LinkedInTwitter, Facebook, and YouTube.

MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com 

 

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SOURCE Wolters Kluwer Legal & Regulatory U.S.

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