SEC Adopts Climate Change Disclosure Rules; Court Imposes Temporary Stay The final rules have been pared down from what the SEC originally proposed two years ago following its receipt of more than 24,000 comments.2As further described below, key changes from the proposed rules include the elim...
Capitalized costs, expenditures, charges, and losses incurred as a result of severe weather events and other natural conditions—such as hurricanes, tornadoes, flooding, drought, wildfires, extreme temperatures, and sea-level rise. The disclosure of expenditures and losses incurred is required if the...
“Wait, are you already suing us? I just walked in,” Gensler interjected at around the midpoint of the fireside chat, sparking laughter from the audience when event moderator Thomas Quaadman was talking about different rules that were recently written, including the Europe...
Hot Air: The Impact on the Insurance Industry from Climate Change Disclosure RulesThis article addresses certain recent rules and regulations promulgated by the Securities and Exchange Commission requiring companies to disclose the risks presented to their business from climate change. It subsequently ...
Annex: Summary of California Climate Disclosure Rules Climate Corporate Data Accountability Act (SB 253) (litigation pending)Climate-Related Financial Risk Act (SB 261) (litigation pending) Voluntary Carbon Market Disclosures Act (AB 1305) Summary Requires public disclosure and verification of Scope 1...
Climate disclosure rules would require publicly traded companies to release information to investors about their emissions and how they are managing risks related to climate change and future climate regulations. While it is easy to spot climate change-related risks facing companies such as ExxonMobil ...
comes after a stream of other signaling, most notably from then-Acting Chair Allison Lee in March of 2021, when sheannouncedshe was asking SEC staff to evaluate disclosure rules “with an eye toward facilitating the disclosure of consistent, comparable, and reliable information on climate c...
investing disclosure rules have been a moving target for politicians and political groups across the spectrum since the SEC first voted to propose new regulations in March 2022 to require public companies to disclose their greenhouse gas emissions and information about what risks climate change could ...
How did SB 219 change the CCDAA (SB 253) and CRFRA (SB 261)? Under SB 219, the amendments to the CCDAA and CRFRA are primarily related to the California State Air Resources Board's (CARB) finalization of the climate disclosure rules. In short: ...
On March 6, 2024, the United States Securities and Exchange Commission ("SEC") adopted the much anticipated climate-related disclosure rules, two years after publishing the proposed rules. Immediately following the adoption of the rules, multiple part