Climate Change Disclosure: SEC’s Proposed New Rules & Impact on Public Companies
On March 21, 2022, the US Securities and Exchange Commission (“SEC”) voted to propose rules that would require extensive reporting by public companies of climate change-related disclosure and related attestation, if adopted.
In a departure from existing “principles-based” disclosure requirements rooted in materiality, the SEC proposed rules that are prescriptive and intended to provide investors with consistent and comparable data, despite recent evidence that a significant majority of companies questioned by SEC Staff currently do not find climate change-related physical or transition risks to be material to their businesses.
During this session hosted by Intelligize, Mayer Brown lawyers will discuss the proposal and its impact on public companies, including:
- An overview and background of the proposed new rules
- Proposed changes to Regulation S-X affecting financial statement disclosures
- Proposed changes to Regulation S-K affecting non-financial statement disclosures
- Proposed scope and phase-in periods
- Practical considerations for public companies
To learn more, and to register, visit the event webpage.
