In a March 15, 2021 address to the Center for American Progress, SEC Acting Chair Lee was clear:
No single issue has been more pressing for me than ensuring that the SEC is fully engaged in confronting the risks and opportunities that climate and ESG pose for investors, our financial system, and our economy.
That’s been apparent from the steady stream of climate and ESG-focused initiatives she has been announcing since January. Her reasoning is that because many investors (and indeed asset managers and other market participants) think these issues are significant, then they are: