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With the SEC’s new human capital disclosure rules now effective, PwC looked at more than 2,000 Form 10-K filings to understand what companies disclosed. In this episode, Heather Horn sits down with PwC’s Sheri Wyatt and Brandon Yerre to look at what human capital disclosure trends we saw in this year’s reporting season. 

Topics include:

• 0:49 - Background. We begin with a refresher on the SEC’s new human capital rules and the types of measures and objectives required. 
• 2:30 - Analysis overview. Sheri walks through an overview of our analysis of the disclosures in recent 10-Ks.
• 6:16 - Trends. Next, we summarize some of the human capital disclosure trends. 
• 16:05 - SEC insights. We discuss feedback from the SEC staff on some early filers’ disclosures. 
• 19:23 - Key focus areas. While there is no one-size-fits-all approach, there are important considerations to think through when deciding which disclosures to make. 
• 23:24 - Where do we go from here? We share some insights on how human capital disclosure rules might evolve.

Want to learn more? Read our In the loop, New human capital disclosure rules: Getting your company ready.

Sheri Wyatt is a partner in PwC’s sustainability practice and also serves as the diversity leader for the US Assurance line of service. She has over 20 years of experience advising companies on the adoption of new accounting and financial reporting standards, from assessing current state through operationalizing compliance with new standards and policies.

Brandon Yerre is a principal in PwC’s Organization and Workforce Transformation group. Brandon specializes in matters dealing with the design, implementation, and governance of total reward programs and the development of organization-wide job architectures to support workforce strategy and planning.

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With nearly 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].