SEC Commissioner Lee Delivers ESG “Materiality” Speech

This speech on ‘materiality’ in the ESG context by SEC Commissioner Allison Herren Lee does a great job of dispelling four common myths. The four myths are:

– Myth #1: ESG matters (indeed all matters) material to investors are already required to be disclosed under the securities laws.

– Myth #2: Where there is a duty to disclose climate and ESG matters, we can rest assured that such disclosures are being made.

– Myth #3: SEC disclosure requirements must be strictly limited to material information.

– Myth #4: Climate and ESG are matters of social or “political” concern, and not material to investment or voting decisions.