SEC Aims to Remove Climate Rule Compliance Burdens With EU - Bloomberg Law
SEC Aims to Remove Climate Rule Compliance Burdens With EU
The SEC intends to work with the EU to ease climate disclosure burdens for companies facing separate US and European rules to report greenhouse gas emissions and other environmental risks, agency Chair Gary Gensler said Monday.
The Securities and Exchange Commission’s regulations “naturally” will differ from the European Union’s Corporate Sustainability Reporting Directive, Gensler said, without giving specifics. The SEC rules are expected as soon as this month; the EU’s standards took effect earlier this year.
“We can have some discussions with the Europeans about what’s called ‘substituted compliance,’ possibly,” Gensler said at a Council on Foreign Relations discussion. He ...
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