The SEC voted to propose climate risk disclosure rules on March 21, 2022, after receiving more than 5,000 comment letters, including approximately 600 unique comment letters over the course of the previous year.
The SEC is seeking public comment on all aspects of the climate-related disclosure proposal. Under the current proposal, a domestic or foreign registrant would be required to include in registration statements and periodic reports disclosures addressing:
Some of the proposed disclosures and related assurance requirements would be phased in over time based on filer status and the type of greenhouse gas emissions disclosure.
Comments were originally due the later of May 20, 2022, (60 days from posting on SEC website) or 30 days from publication in the federal register. Comments are now due June 17, 2022, and many stakeholders are expected to choose to comment.
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