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The SEC has published its widely anticipated proposal to enhance companies' climate-related disclosures. In addition to details regarding how management identifies, assesses, and manages climate-related risks and the related impact on financial metrics, the proposal calls for companies to provide information about how their boards provide oversight of climate-related matters.

This week, Heather Horn was joined by Joe Allanson, EVP, ESG Finance for Salesforce to discuss a preparer’s perspective on the SEC's proposal.

In this episode, you will hear:

• 1:21 - How changes in the overall prominence of ESG reporting is reflected in the C-suite
• 8:53 - One company’s journey to the current state of climate-related reporting
• 16:24 - Benefits and challenges of the SEC’s climate disclosure proposal from a reporting perspective
• 26:20 - Perspectives on the process of developing effective ESG reporting, along with a discussion about the supporting data quality
• 36:41 - The importance of global climate reporting requirements and alignment
• 40:17 - Final advice on ESG reporting

Want to learn more about the SEC’s proposal? Listen to our previous podcasts that provide a closer look at governance, related investor perspectives, legal and regulatory perspectives, and a focus on implementation considerations. Also refer to the text or audio version of our In the loop, The SEC wants me to disclose what?

Joe Allanson is an EVP, Finance ESG at Salesforce. Joe has over 18 years of experience serving in various finance and accounting management positions at Salesforce, including 14 years as Chief Accounting Officer and Corporate Controller. Joe also sits on the advisory board to several universities. 

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. With over 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].