Jonathan Brightbill Analyzes the SEC’s Proposed Climate Disclosure Rule in Bloomberg Law

Winston & Strawn Partner Jonathan D. Brightbill—chair of the firm’s environmental litigation and enforcement practice—discussed the SEC’s proposed climate disclosure rule in Bloomberg Law.

If the rule is finalized in its current form, it will trigger challenges from companies wary of an increase in disclosures’ number and difficulty. According to Jonathan, the SEC will likely need to prove that investors are truly demanding Scope 3 disclosure.

While investor interest around environmental, social, and governance (ESG) is intensifying, “you could see arguments being made that it is objectively material to investors in certain categories of companies, and utterly and completely irrelevant to investors in other categories of companies, in terms of assessing the reputed financial performance of a company.”

Read the full article here.