In an interview with CNBC.com, partner Erin Martin discussed the Securities and Exchange Commission’s (SEC’s) recently unveiled proposal to expand climate-related disclosures required by public companies. A former lawyer in the SEC's Division of Corporation Finance, Erin explained that disclosures are the backbone of the agency’s regulatory regime, noting that the proposed rule asks all public companies to participate in order to provide potential investors with material information. “It’s not a company-by-company determination,” Erin shared. “The SEC is saying it believes all this information is material information companies should be providing to the general public.”