March 17, 2023 | less than a minute read

Making waves! The U.S. Securities and Exchange Commission’s (SEC) climate risk disclosure rule

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Mark Temme

Global Business Development Manager

Get in touch

Mark Temme

Global Business Development Manager

The pros and cons, the supporters and critics of the climate risk disclosure rule which was released in March 2022, are still stirring the water of businesses. The potential mandatory Scope 3 reporting and the quite short time frame for implementation has many companies unprepared or at least not optimally set up.

Currently it is not clear how the time line will be set and also how strict the law will really be. There is still a lot of lobbying and political influencing going on.

Some more reading on the climate risk disclosure is available at:

https://www.sec.gov/news/press-release/2022-46

https://www.sec.gov/sec-response-climate-and-esg-risks-and-opportunities

https://www.triplepundit.com/story/2023/prepare-sec-climate-disclosure-rules/766336

#climate #climaterisk #SEC

We got nearly 15,000 public comments on that proposal,” and Chairman Gary Gensler said in an interview Friday on CNBC’s “Squawk Box.” He said it was customary for the agency to “review all that, think through the economics, think through the legal authorities that commenters have raised. It’s quite customary to make adjustments.”