SEC Climate Plan Would Unleash Flood Of Demands On Cos.
By Al Barbarino (March 22, 2022, 9:09 PM EDT) -- The U.S. Securities and Exchange Commission's climate risk disclosure proposal floats requirements of such breadth and specificity that it left some attorneys stunned, signaling that hundreds of companies that fall under the regulator's watch could face an even heavier compliance burden than anticipated if the rules are finalized.
While climate risk metrics were until now largely provided by companies on a voluntary basis, Monday's proposal would require that companies begin reporting the information on financial statements filed with the agency, including their Form 10-K annual reports.
The proposal's 510 pages map out a sweeping list of climate-related reporting requirements, including the "actual...
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