Our ESG team covers the SEC’s final climate-related disclosure rules in detail, breaking down the key points, changes, and potential next steps.
Many people have spent the last two years wondering when the Securities and Exchange Commission (SEC) would finalize its long-awaited climate-related disclosure rules and what those rules would require. The SEC answered those questions on March 6, 2024, in a 3-2 vote with Chair Gary Gensler and Commissioners Caroline A. Crenshaw and Jaime Lizárraga voting in favor and Commissioners Hester M. Peirce and Mark T. Uyeda voting against. Totaling almost 900 pages and 3,241 explanatory footnotes, but just 44 pages of changes to statutory rule text, the SEC’s final climate-related disclosure rules are arguably one of largest changes to the SEC disclosure regime in recent memory.
The final rules require a domestic or foreign registrant to include in registration statements and periodic reports disclosures addressing:
The disclosures and assurance requirements are phased in over time based on filer status.
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