Clients and attorneys are already sounding off about the future of the U.S. Securities and Exchange Commission rules for environment, social and governance disclosures even if the details are still in flux. 

“We are certainly seeing a lot more interest in legal advice around ESG disclosure and ESG oversight at the board and management level, given the increased regulatory attention to ESG disclosures and anticipated private litigation,” said Carolyn Frantz, senior counsel at Orrick, Herrington & Sutcliffe, who leads the firm’s ESG practice.