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U.S. SEC chair Gensler says new climate risk rules will require companies to detail, measure commitments to mitigating climate change -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: U.S. Securities and Exchange Commission chair Gary Gensler appears before a Senate Banking, Housing and Urban Affairs Committee oversight hearing regarding the SEC at Capitol Hill, Washington, U.S.A, September 14, 2021. REUTERS/Evelyn Hocks

WASHINGTON, (Reuters) – The U.S. Securities and Exchange Commission’s (SEC), chief spoke to a group of executives from public companies on Tuesday to explain that the pending climate disclosure rules require companies to disclose and measure their commitments in mitigating climate changes.

Gary Gensler stated that, while most companies have publicly committed to combating climate change and he’s curious how many measure it.

It’s all about the future. It might seem aspirational, but what is the future? [those commitments]? ,” Gensler said. “You don’t have the ability to measure what you aren’t measuring.”

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