The SEC's New Climate Rules Are Here, and DFIN Can Help - PR Newswire
The SEC's New Climate Rules Are Here, and DFIN Can Help
Donnelley Financial LLC
07 Mar, 2024, 07:43 ET
ActiveDisclosure Enables Collaboration; Delivers Audit-Ready Reports
CHICAGO, March 7, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company, makes complying with the U.S. Securities and Exchange Commission's (SEC) new climate-related disclosure mandate easy and cost-effective.
"The SEC's announcement ends the years-long speculation of what will be required of companies when reporting corporate climate impact. DFIN is already helping our clients manage and report financial-grade ESG data to various stakeholders with ActiveDisclosure," said President of Global Capital Markets at DFIN, Craig Clay. "DFIN is uniquely qualified to support companies on their path to compliance with our years of compliance leadership, advanced software solutions, and strategic partnerships with ESG industry leaders."
The SEC's new rules require public companies to disclose certain climate-related information. This includes climate-related risks likely to have a material impact on the company's business, operations or financial condition, and the governance and ongoing strategies in place to address and mitigate these risks. There is a phased-in compliance period, with large-accelerated filers required to begin filing Reg S-K and Reg S-X in their fiscal years beginning in 2025.
DFIN is a trusted resource for ESG(Environmental, Social, and Governance) reporting. The company partners with ESG industry leaders to deliver a true end-to-end ESG data management and reporting solution. The purpose-built solution helps companies stay ahead of regulatory changes, streamline ESG processes, and efficiently deliver the transparent and trustworthy information their clients and investors demand, all while being affordable and easy to use.
DFIN clients can easily pull disparate ESG data from across their organizations and map it against a variety of standards, including those set by the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD), Carbon Disclosure Project (CDP), and the World Economic Forum (WEF). Clients collaborate within ActiveDisclosure to create audit-ready reports that can be filed directly to the SEC.
To read more about DFIN's solutions that are helping businesses now, please visit DFINsolutions.com.
About DFIN
DFIN is a leading global provider of innovative software and technology-enabled financial regulatory and compliance solutions. We provide domain expertise, enterprise software, and data analytics for every stage of our customers' business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN's end-to-end risk and compliance solutions online at DFINsolutions.com, or you can also follow us on X (formerly Twitter) @DFINSolutions or
SOURCE Donnelley Financial LLC
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”