SEC climate risk disclosures

September 29, 2023
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SEC climate risk disclosures

The Securities and Exchange Commission (SEC) has become increasingly focused on climate-related disclosures, recognizing the importance of environmental, social, and governance (ESG) factors in investment decision-making. In response to growing investor demand for transparency and accountability, the SEC has been actively working on updating its guidelines for climate-related disclosures.

The SEC’s efforts aim to provide investors with consistent, reliable, and comparable information on climate-related risks and opportunities. This includes encouraging companies to disclose their greenhouse gas emissions, climate-related risks, and strategies for mitigating these risks. The SEC is also considering the establishment of a mandatory reporting framework for climate-related disclosures.

Furthermore, the SEC has been engaging with stakeholders to gather insights and perspectives on climate-related disclosures. This includes seeking input from investors, companies, and other interested parties through public comment periods and roundtable discussions.

The SEC’s focus on climate-related disclosures aligns with global initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), which promotes the disclosure of climate-related risks and opportunities in financial filings. By enhancing climate-related disclosures, the SEC aims to empower investors to make more informed decisions and promote sustainable investments.

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