How the SEC's new rule could reveal more about a company's emissions

The Indicator from Planet Money

NPR

Business

4.7 • 9.5K Ratings

🗓️ 5 March 2024

⏱️ 10 minutes

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Summary

The Securities and Exchange Commission is expected to issue new rules this week on how companies disclose their greenhouse gas emissions. This is part of a broader movement for more environmentally and socially conscious financial options, known as ESG investing. Today on the show, what the proposed climate disclosure rule says, why it's so controversial, and if it passes, what that'll mean for investors and the stock market.

Related episodes:
The OG of ESGs (Apple / Spotify)

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Transcript

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0:00.0	NPR. This is the indicator from Planet Money, I'm Waylon Wong, and here with me is the host of the public radio
0:16.5	podcast Outside In, Nate Hedgy. Welcome back to the indicator, Nate.
0:21.6	Hey, it's great to be here.
0:23.6	You're familiar with Gary Gensler, right?
0:25.6	Yes, he is the head of the Securities and Exchange Commission,
0:28.6	which regulates the stock market.
0:30.2	Right.
0:31.2	What else do you know about him? He's a Democrat, appointed by Biden.
0:35.0	I think those are all my fun facts about Gary Gensler.
0:38.0	Oh, I've got more fun facts.
0:39.0	He is an ultramar.
0:41.0	He's a mountaineer, and he's also an aspiring YouTube star.
0:46.0	Hi, this is Gary Gensler and welcome to office hours.
0:50.0	So he makes these kind of cheesy educational videos on YouTube called Office Hours.
0:55.4	Have you seen them?
0:56.4	I think I watched one on cryptocurrency maybe, but I didn't smash that like button.
1:00.4	Sorry Gary.
1:01.4	Well, the reason why I'm bringing him up is because a couple of years ago, he did one on the
1:07.0	SEC's proposed climate disclosure rule.
1:10.1	This will be good for our economy. It helps companies raise money.
1:14.1	It will promote economic activity.
1:16.6	And yes, it helps investors put their money
	...

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