Boards Can Continue to Lead the Way on Climate Governance
Briefly

Political and investor opposition to corporate climate initiatives has escalated over the past year. There have been nearly 320 anti-ESG bills introduced in U.S. state legislatures since 2021. Notable states like Florida and Texas have implemented restrictions on the use of ESG criteria in public investments. The U.S. Securities and Exchange Commission (SEC) has largely repealed its climate-disclosure regulations, diminishing accountability measures. Additionally, California's pending climate-disclosure rules face litigation challenges that further complicate efforts towards corporate transparency in environmental impact.
In the past year, corporate climate efforts have faced significant political and investor resistance, with nearly 320 anti-ESG bills introduced across various U.S. state legislatures since 2021.
Key states like Florida and Texas have implemented measures to restrict the use of ESG considerations in public investments, signaling a shift in regulatory climate.
The U.S. SEC has effectively repealed its climate-disclosure rules, further undermining the framework for corporate accountability on climate issues.
Pending climate-disclosure regulations in California are currently entangled in litigation, adding challenges to transparency initiatives in corporate environmental practices.
Read at Harvard Business Review
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