US SEC Welcomes Public Input on Climate Change Disclosures

Mayer Brown Free Writings + Perspectives

In another step toward the integration of climate factors into the US corporate disclosure landscape, Acting Chair of the US Securities and Exchange Commission (SEC), Allison Herren Lee, issued a request for public input on climate change disclosures on March 15, 2021.

The request seeks input relating to 15 climate-related disclosure topics, including:

  • specific disclosure metrics that may be used to quantify climate information, including GHG emissions in line with the GHG Protocol and GHG reduction goals;
  • the advantages and disadvantages of existing disclosure frameworks (specifically referring to the TCFD, SASB and CDSB frameworks);
  • whether climate disclosure requirements should be incorporated into existing rules, like Regulation S-K, or new regulations; and
  • the advantages and disadvantages of a “comply or explain” framework.

The variety and scope of topics suggests that the SEC is considering a broad range of approaches to climate-related disclosure. The request also suggests that other ESG-related disclosures may follow, noting that “the staff is evaluating a range of disclosure issues under the heading of environmental, social, and governance, or ESG, matters.”

The SEC provides a webform and email box for the public to provide input on these issues, and asks for comments within 90 days. For more information on the SEC’s ESG efforts, including the recent creation of its Climate and ESG Task Force.

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Mayer Brown Free Writings + Perspectives | Attorney Advertising

Written by:

Mayer Brown Free Writings + Perspectives

Mayer Brown Free Writings + Perspectives on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.