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The headquarters of the Securities and Exchange Commission in Washington, DC. Photo: Saul Loeb/AFP via Getty Images

The Securities and Exchange Commission is formally asking for input about how companies should disclose climate-related risks in filings with the regulators.

Why it matters: It's the latest sign the commission is moving toward the creation of requirements that go beyond efforts to breathe life into existing 2010 guidance to companies.

How it works: The document asks for information in areas like what kinds of risks can be quantified and measured; what types of emissions metrics companies should provide; whether to have different reporting standards for different industries and more.

What they're saying: Steven Rothstein of the sustainable investment advocacy group Ceres said the recent moves and comments by the SEC's acting chairwoman, Allison Herren Lee, show that the commission is taking climate more seriously.

  • "While we obviously do not speak for the SEC, their public comments and the other actions seem to be leading to some form of mandatory climate disclosure," said Rothstein, who is managing director of Ceres' Accelerator for Sustainable Capital Markets.

The big picture: Lee announced the solicitation in remarks yesterday on environmental, social and governance matters.

  • Speaking at an event hosted by the liberal Center for American Progress, she said the "supposed distinction" between what's "good" and what's profitable is "increasingly diminished."
  • The New York Times has more.

Go deeper

"An embarrassment": Biden condemns Border Patrol for using horses to deter Haitian migrants

President Biden speaking from the White House on Sept. 24. Photo: Al Drago/Bloomberg via Getty Images

President Biden on Friday condemned Border Patrol officers for using horses to deter Haitian immigrants from an encampment under the international bridge earlier this week but took responsibility for the actions and said an investigation is underway.

Why it matters: Photos of patrol officers charging their horses at immigrants prompted criticism of the Biden administration's handling of the crisis at the border.

Senate GOP pushes DOJ to roll back Trump oversight rule

Photo by Chip Somodevilla/Getty Images

Senate Republicans want the Justice Department to roll back Trump-era restrictions on congressional oversight criticized at the time as an attempt to insulate the Trump administration from Democratic investigators, Axios has learned.

Why it matters: While some Republicans spoke out against the DOJ guidance at the time, it was mostly Democrats who attacked it as a constitutionally dubious effort to scuttle congressional oversight. Now the shoe is on the other foot, and the GOP is making similar arguments with Biden in the White House.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

The great venture capital resignation

Illustration: Rae Cook/Axios

A growing number of top VCs are calling it quits, long before typical retirement age.

Between the lines: Generational turnover isn't new for venture capital, but in the past it's been born of lean times. What we're seeing now is the byproduct of unprecedented success.