Current SEC disclosure rules do not explicitly reference climate-related risks, resulting in significant diversity in the location, content and transparency of climate-related disclosures within and across industries. The U.S. Securities and Exchange Commission (SEC) received nearly 4,000 unique comment letters in response to its proposal to require climate-related disclosures from most public companies.
The comments fell into five main themes:
- Rulemaking
- Materiality
- Greenhouse Gas (GHG) Emissions
- Climate-related Expenditures
- Assurance Requirements
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