The ESG Weekly: The SEC Welcomes Climate Disclosures and Wrongdoing at Toshiba
After nearly a decade, the SEC has begun to update the reporting requirements for companies on climate change. But before they can do that, they need to hear what the public has to say. In March 2021 the SEC sent out a 15‐question consultation that asked investors, data providers, companies, academia, and others what the most appropriate climate change disclosures would be. Comments were due this week, and we discuss what we wrote to the SEC and what we think is the best way forward. We also discuss the trouble that is brewing at Toshiba after a report was made public that said the company worked with the Japanese government to suppress shareholder votes. As its board chair refuses to step down and the Japanese government remains intransigent, we ask what is next for Toshiba and corporate Japan?