Oct 4, 2022
“The climate emergency is urgent and climate risk is financial risk. And the SEC is all about the protection of investors and the financial markets. And if you have this looming financial risk, that's not being adequately addressed. …And, investors were saying, look, the information that we're getting just doesn't cut it. It's not sufficiently clear, consistent, comparable, reliable. We need more and we need the SEC to step in and provide clearer guidance, clearer rules to help ensure that investors are getting the information that they need.”
Kristina Wyatt on Electric Ladies Podcast
We see the wrath of climate change vividly today in the damage from Hurricanes Ian and Fiona -- which also reflects the financial risk and impact of climate change. That's why the Securities and Exchange Commission, the SEC, is finalizing its climate risk disclosure rules right now. How did they develop them? Today you'll find out.
This episode of Electric Ladies podcast takes you literally into the SEC’s room where those deliberations happened. Listen to Kristina Wyatt who literally led the SEC’s Task Force developing these rules, explain how they did it and what happens next in this riveting conversation with Electric Ladies host Joan Michelson. Kristina’s formal title was Senior Counsel for Climate and ESG to the Director of the Division of Corporate Finance, and now she’s SVP of Global Regulatory Climate Disclosure and Deputy General Counsel of Persefoni.
And much more!
“What's happening now is that as this focus on climate….on diversity equity, and inclusion, all of these things are making their way up to the board. They're making their way to the C-suite, they're becoming central investor issues. They're financial issues…. What we need to have is these women who are sitting over in the CSOs office to make sure that they've got the chops on the financial piece, right? So, if you need to take courses, learn about how to read financial statements, get very familiar with your company’s financials, understand balance sheets, understand income statements, understand cash flow statements and how they work so that you can really speak the financial talk and understand how your sustainability issues integrate with your financial issues.” Kristina Wyatt on Electric Ladies podcast
Read Joan’s Forbes articles here.
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