Despite facing opposition from some of its commissioners, the SEC, under Chair Gary Gensler, has successfully implemented a revised, streamlined version of its initially proposed climate-disclosure rule. One commissioner critiqued the rule for potentially overwhelming investors with what they termed the 'commission’s pet topic of the day', referring to its focus on climate. The finalized rule aims at enhancing transparency on climate-related activities and impacts, albeit in a scaled-down format from its original scope.