The U.S. Securities and Exchange Commission (SEC) is taking significant steps back from enforcing climate-related disclosure rules, according to recent statements from the Acting Chairman. The SEC has announced that it will not defend these rules in court and is requesting that the court pause litigation related to climate disclosures. This move aligns with actions taken by other agencies to scrap their climate disclosure mandates. The Acting Chair has expressed skepticism about the necessity of these regulations, indicating a potential shift away from the Biden-era ESG initiatives. As a result, there are growing concerns that investors may be deprived of crucial information regarding the sustainability practices of public companies.