Jared Wilner, Partner in Locke Lord’s Insurance Regulatory and Transactional Practice Group, was quoted by Inside P&C on proposed ESG regulations requiring additional disclosure from publicly traded companies to investors on climate-related risks that are likely to have a material impact on financial results, and to detail greenhouse gas emissions created by the company’s operations. Wilner notes while several insurers and industry groups have split opinions on the proposed rules and potential impact on business, he does not sense any sort of ESG fatigue among his clients. “I think this continues to be very much top of mind, for multiple reasons,” Wilner said. “There is no sign regulators will let up anytime soon, but rather that it appears this is just the early stages of the requirements that will be put in place over time.”
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