Weeks into the Biden administration, the Securities and Exchange Commission (SEC) is mulling a larger focus on the “Environmental, Social, and Governance” (ESG) actions of publicly-traded companies — amorphous categories that one industry official said could lead to “politicizing the role of the corporation” that “will inevitably alienate not only a large portion of a company’s customer base but a significant percentage of the company’s workforce.”
At various times, the SEC has weighed whether to require companies to disclose information to investors related to issues under the broad umbrella called “ESG.” Over the last year and especially in the last two months, the agency’s focus has sharpened.
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