On March 6, 2024, The U.S. Securities and Exchange Commission (SEC) adopted a final rule that will require climate-related disclosures in registrants’ annual reports and registration statements. The SEC’s action comes on the heels of similar regulatory steps in the European Union (Corporate Non-Financial Reporting Directive and its subsequent Corporate Sustainability Reporting Directive), legislative measures in California, and a flurry of standard-setting activity related to sustainability matters.
The final SEC climate rule is just one piece of a mandatory corporate climate-reporting puzzle that continues to come together. Prior to the SEC’s vote in March 2024 to adopt the final rule, other standards had signaled a broader, more stringent regulatory environment globally.
View the recorded webcast where our professionals hold a discussion on potential challenges and opportunities for compliance and how the SEC's final ruling can affect businesses.
