U.S. traded companies may have to disclose their exposure to financial risks relating to climate change and emerging policies under a new U.S. Securities Exchange Commission (SEC) staff guidance. The Staff Legal Guidance said it is changing how it analyzes companies' "no action" requests.
Investors will now be able to inquire about the financial implications of critical issues such as climate change. In the past, the SEC allowed companies to reject shareholder resolution, as a "no action" request if the resolution linked environmental or social issues to the company's evaluation of risks.
The SEC Commissioner Elisse Walters also said the agency is considering new guidance requiring greater carbon disclosure in regular filings with the Commission.
Many companies are likely to see their bottom line impacted by new climate regulations. What about your company?
Investors will now be able to inquire about the financial implications of critical issues such as climate change. In the past, the SEC allowed companies to reject shareholder resolution, as a "no action" request if the resolution linked environmental or social issues to the company's evaluation of risks.
The SEC Commissioner Elisse Walters also said the agency is considering new guidance requiring greater carbon disclosure in regular filings with the Commission.
Many companies are likely to see their bottom line impacted by new climate regulations. What about your company?
Powered by Compendium
Comments for Traded Firms Might Have to Disclose Climate Change Risks