SEC Commissioner warns of partisan input from ESG players on potentially ‘lucrative’ disclosure rules

Hester Peirce says “so many people stand to gain” from new requirements, especially service providers

Hester Peirce has said that input on the US Securities and Exchange Commission’s proposed disclosure rules from ESG advisors, standard setters and rating firms should be viewed with caution because of their vested financial interests in the outcome. 

In a speech yesterday, Peirce,…

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