As investors continue to weigh the impact of climate change on their portfolios, the SEC aims to require the disclosure of all climate-related risks by public companies. If adopted, the new SEC rules would standardize ESG reporting to help provide comprehensive climate risk information to investors. In this EBA journal publication, Jeffrey Polasek and Tony Liou discuss how the SEC’s ESG proposal could impact lenders, what the report requirements could be, and the next steps as lenders and investors develop their ESG strategies.