Regulatory Alerts2022-03-21
The Enhancement and Standardization of Climate-Related Disclosures for Investors
The U.S. Securities and Exchange Commission proposes rules requiring public companies to disclose material climate-related risks and specific greenhouse gas emissions metrics in their registration statements and annual reports. The framework mandates detailed information on governance, strategy, risk management processes, and financial impacts, largely aligning with the Task Force on Climate-related Financial Disclosures standards. Additionally, the proposal requires the inclusion of certain climate-related financial metrics in audited financial statements and mandates independent assurance for Scope 1 and Scope 2 emissions data.
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