From: Law and the Environment
The U.S. Securities and Exchange Commission is re-examining its
rules regarding whether companies should or must disclose climate
change related risks. According to an article in ClimateWire,
revisions could be issued by the end of October. On Friday, SEC
Commissioner Elisse Walter said that SEC staff are working on
preparing recommendations, and two options are still on the table.
One option is a rule-making that would set specific rules for
disclosing climate risks. The other would be a re-interpretation of
Form 10-K disclosure rules to require companies to disclose and
comment on operations tied in with mitigating climate-change risks.
These changes likely result from frequent criticism by shareholder
groups that companies are ducking requirements under the current
SEC rules to disclose...
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