Uber, Academics Back SEC's Push For Climate Disclosures

Law360 (June 9, 2021, 8:41 PM EDT) -- The U.S. Securities and Exchange Commission's push to develop a new climate risk disclosure framework has garnered positive feedback from a diverse set of backers, including ride-hailing company Uber and academics from major law schools.

The show of support comes in response to a March 15 request from then-acting SEC Chair Allison Herren Lee for input on how the agency might craft a new framework requiring companies to provide investors with more comprehensive disclosures about climate-related and other environmental, social and governance risks. The SEC gave the public 90 days to submit comments.

"We believe the communication of climate change information...

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