SEC Proposes Comprehensive Climate-Related Disclosure Rules
On March 21, 2022, the U.S. Securities and Exchange Commission (the “SEC”) released its new and long-anticipated proposed rules for the enhancement and standardization of climate-related disclosures. The proposed rule amendments were approved by a three-to-one vote of the SEC’s four current commissioners and are subject to a public comment period and final rulemaking.
It bears emphasizing at the outset that the sheer length and complexity of the proposed rules, if ultimately adopted in their current form, can be expected to impose significant disclosure burdens and related expenses on issuers, particularly those that do not yet have processes in place to accumulate the information necessary to provide the required disclosures.
Read the full OnPoint here.