SEC adopts landmark — but weakened — climate disclosure rules - The Banker
SEC adopts landmark - but weakened - climate disclosure rules - The Banker
The US Securities and Exchange Commission has voted to adopt the country’s first federal requirements for public companies to disclose information on their climate-related risks and greenhouse gas emissions.
But after nearly two years of intense lobbying by industry, as well as threats of litigation from the same interests and Republican politicians, the SEC has adopted final climate disclosure rules that are significantly weaker than those proposed by the commission in March 2022 and those being implemented in Europe and California.
To continue reading, join our community and benefit from
- In-depth coverage across key markets
- Comments from financial leaders and policymakers worldwide
- Regional/country bank rankings and awards
View subscription options
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.