SEC chair Gary Gensler says the measures will provide investors with “reliable information about climate risks to make informed decisions”.
It’s out. Across 510 pages regulators detail the new mandatory climate-risk reporting obligations for US companies. In the face of heavy opposition, but also widespread support from investors and big-name brands, the proposals ask companies to disclose in detail the threats they face from climate change and what they do about it. The proposals, from the Securities and Exchange Commission (SEC), mark a turning point in US corporate attitudes to climate change and sees rule makers take strides to match reporting obligations already used in other jurisdictions around the world, including the UK and European Union. According to Gary Gensler, chair of the SEC, the proposals will serve investors and their need for “reliable information