The SEC votes this week on controversial climate change rule: Here's what's at stake
Publishing timestamp: 2024-03-04 09:50:36
Summary
SEC Chair Gary Gensler will hold a vote on a proposal to require corporate America to disclose climate change risks. The final proposal may drop some disclosure requirements, leading to opposition from the business community. If approved, publicly traded companies will face increased costs, activism, and litigation risk. The proposal will impact ESG ETFs and could lead to a reshuffling of companies considered "green."
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Keywords: xtrackers s&p 500 esg etf, xtrackers msci usa climate action equity etf, markets, stock markets, business news, investment strategy,