Regulatory Alerts2022-05-09
Extension of Comment Period for The Enhancement and Standardization of Climate-Related Disclosures
The U.S. Securities and Exchange Commission extends the public comment period to June 17, 2022 for a proposed rule requiring registrants to disclose material climate-related risks, greenhouse gas emissions, and specific financial metrics in registration statements and annual reports. The amendment to rules under the Securities Act of 1933 and Securities Exchange Act of 1934 mandates that companies report climate risks reasonably likely to impact their business, operations, or financial condition alongside audited climate-related financial data. This deadline extension provides stakeholders additional time to analyze the proposed requirements and submit detailed feedback, thereby improving the Commission’s evaluation of the final regulations.