Is Your Company's Carbon Footprint A Material Risk?

Law360, New York (August 14, 2009, 2:34 PM EDT) -- Securities law requires publicly traded companies to report material risks. Does the U.S. Securities and Exchange Commission currently stipulate that material climate risks be disclosed under existing law? No — at least not yet.

Should publicly traded companies evaluate whether climate change is reasonably likely to impact their future financial performance? Yes — especially as the Obama administration attempts to position the U.S. for a low-carbon future.

While the SEC has yet to draft specific guidelines for assessing and measuring climate-related issues, companies can perform a basic...
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