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Proposal would leave investors with less information about climate risks while advancing legal theory that could weaken corporate disclosure more broadly.
Proposal would leave investors with less information about climate risks while advancing legal theory that could weaken corporate disclosure more broadly
WASHINGTON, D.C. — The Securities and Exchange Commission today formally proposed rescinding its 2024 climate disclosure rule, moving forward with an effort to eliminate federal requirements for public companies to disclose standardized information about financially material climate-related risks and, for some companies, greenhouse gas emissions.
The rule, which has not taken effect amid litigation, was designed to provide investors with consistent, comparable information about climate-related financial risks facing public companies. The SEC’s new proposal goes beyond rescinding the climate rule itself by advancing a sweeping view of the agency’s disclosure authority that could weaken corporate transparency more broadly.
