SEC's New Financial Climate Rules - Julie Gorte, Veteran ESG Investor, IMPAX Asset Management

Mar 29, 2022

“The really important thing I think about this rule (from the SEC),” Dr Gorte explained, “is that if companies are going to be on the record as having a certain level of emissions, especially as climate change gets worse, there's going to be increasing scrutiny and pressure on them to reduce those emissions." Dr. Julie Gorte on Electric Ladies Podcast

The Securities and Exchange Commission, the SEC, recently announced long-awaited proposed rules for how publicly-traded companies will need to report the risk to their businesses from climate change in their audited financial statements. This is a really big deal. What does it mean?

 

“The SEC’s statutory authority is to make sure that investors have the information they need to make informed, reasonable investment decisions,” Dr. Julie Gorte, Senior Vice President of Sustainable Investing at IMPAX Asset Management and a veteran ESG investment advisor, told me in an extensive interview about these new rules on Electric Ladies Podcast. ESG is environment, social and governance-focused investing, which is also a business strategy now.

Listen to Julie Gorte explain what these proposed rules mean exactly and more in this fascinating conversation with Electric Ladies podcast host Joan Michelson.

You'll hear:

• What ESG-focused investing is and how it can have an impact to address climate change.
• Why the SEC is taking action now and why it’s proposing new disclosure rules.
• What companies will have to disclose going forward in their financial statements
• How we will be able to rely on them…and much more
• Plus, great career advice....

“The best career advice I ever got was when I was leaving academia when I had just about gotten my PhD and I had these two job offers… One of my professors said, Julie, you don't have to decide what you're gonna do for the rest of your life. You need to decide what you're gonna do next. And that just, it sounds so obvious, but it just absolutely liberated me. And so I took the path less trodden, to quote Robert Frost, and my entire career has turned out really well, but not because of a plan. The only the thing that I've always followed is what I wanted to do.” Dr. Julie Gorte on Electric Ladies Podcast

Read Joan’s Forbes article about the interview and the SEC climate rules here, and others on ESG & Ukraine here, on ESG actions here and on the new ESG economy here.

You’ll also want to listen to (some of these are under the name Green Connections Radio):

• Kathleen McQuiggan, Veteran ESG investment manager focused on supporting women’s financial success.
• Gabrielle Rubenstein, Managing Partner and Founder, Manna Tree Partners, investors in food companies making our food supply more transparent and healthier.
• Kristen Sullivan, Deloitte Sustainability & Supply Chain practice, on companies “doing” ESG.
• Gillian Tett, Financial Times, from COP26, about what the new financial alliance means for a net zero economy.

 

• Michele Wucker, thought leaders and author of “You Are What You Risk: The New Art & Science to Navigating an Uncertain World.”
• Sandrine Dixson, Co-president of the Club of Rome (global leaders), on the new ESG economy.

 

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