SEC’s Peirce fears folly in ESG metrics

Commissioner Hester Peirce addresses ESG ‘uncertainties.’

SEC commissioner Hester Peirce took aim what she sees as the folly of securities regulators forcing ESG disclosures in a speech delivered last week at the Brookings Institute. This Republican commissioner will have an uphill battle going against the demands for ESG accounting pushed by a well-funded environmental activist movement, which draws support from heavyweights like Blackrock and T Rowe Price.

Email prepared by Jack Willoughby