Kenneth Warren of Warren Environmental Counsel. Courtesy photo Securities and Exchange Commission Enters the Climate Debate
In a proposed rule released on March 21 for public comment, Enhancement and Standardization of Climate-Related Disclosures for Investors, the Securities and Exchange Commission set forth detailed requirements for disclosure of climate-related information in registrations and reports filed with the commission.
April 07, 2022 at 12:06 PM
7 minute read
The words "climate change" trigger vigorous debate. Many Americans view alterations to global climate as an existential threat to our planet and demand immediate implementation of mitigation and adaptation measures with potential far-reaching consequences to our economy. Yet others treat climate change as if it were a hoax, an exaggerated prediction from scientists with an allegedly political agenda, or an international problem over which our nation can have scant influence. These competing views complicate financial disclosure regulation because imposing climate-related disclosure obligations on public companies may necessitate acknowledging that climate risks are real and amenable to evaluation.
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