Earlier this year, the U.S. Securities and Exchange Commission (SEC) introduced a new proposal for the enhancement and standardization of climate-related disclosures for investors that would require public companies to report their greenhouse gas emissions for the first time and, in some cases, provide that information for their suppliers and customers. Some companies would also include in their SEC filings additional details about their long-term climate-related strategies and ongoing efforts to address potential climate risks. We wrote about it here.
Since then, this proposed rule has been the subject of lively debate within the industry.
The comment period was originally scheduled to close on May 20, 2022 but given the “significant interest” it has drawn from members within the investment, corporate and issuer community, the SEC extended the comment period to June 17, 2022. You can read these comments here. The SEC, following long standing precedent, will now review the comments, which can take months or longer, before issuing the final rules.
As a leader in ESG issues, and a trusted resource on ESG reporting and regulatory changes, DFIN already supports clients on their ESG journeys. We can help prepare for any/all regulatory changes and help clients create a “fit for purpose” reporting and stakeholder communications plan.
DFIN will continue to provide you with the latest updates to ensure that you are prepared and ready for whatever comes next.