In a speech delivered on July 28, 2021, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler gave certain insights into the SEC’s approach to crafting new rules that would require SEC registrants to disclose information on climate-related risk. The new rules – a draft of which he expects by year-end – will aim to meet what he described as investors’ request for “consistent, comparable and decision-useful disclosures.” Chair Gensler indicated that the SEC staff would write its own rules to establish a climate risk disclosure regime for U.S. markets, while learning from external standard-setters.