New rules from the U.S. Securities and Exchange Commission (SEC) are designed to standardize climate-related disclosures about greenhouse gas emissions and weather-related risks by public companies and in public offerings. These rules were first introduced in 2022, and will require companies to make disclosures about climate risks.
SEC Chair Gary Gensler said in a release: "These final rules build on past requirements by mandating material climate risk disclosures by public companies and in public offerings. The rules will provide investors with consistent, comparable, and decision-useful information, and issuers with clear reporting requirements. Further, they will provide specificity on what companies must disclose, which will produce more useful information than what investors see today. They will also require that climate risk disclosures be included in a company's SEC filings, such as annual reports and registration statements rather than on company websites, which will help make them more reliable."
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