In yet another sign of the growing importance of environmental, social and governance factors in investing, the Securities and Exchange Commission has created a new position in the office of Acting Chair Allison Herren Lee focused on those issues and appointed Satyam Khanna, a former senior legal counsel to former SEC Commissioner Robert Jackson, to fill it.
As the senior policy advisor for climate and ESG, Khanna will advise the agency on ESG matters and advance related new initiatives across its offices and divisions, according to the SEC.
He was most recently a resident fellow at NYU School of Law’s Institute for Corporate Governance and Finance and a member of the Biden-Harris transition review team for the Federal Reserve and banking and securities regulators, including the SEC. Gary Gensler, President Joe Biden’s pick to head the SEC, had chaired that transition review team.
Khanna also previously served on the SEC’s Investor Advisory Committee and was a member of the committee’s Member of the Investor-As-Owner subcommittee. Earlier, he was an advisor to the Principles for Responsible Investment, which is dedicated to understanding the investment implications of ESG factors and supporting investors in incorporating ESG factors into their investment decisions.