Climate Disclosure Rules Archives

Climate Disclosure Rules On The Way Out

On February 11, 2025 SEC Chairman Mark T. Uyeda issued a statement on the Enhancement and Standardization of Climate-Related Disclosure for Investors rule (“Climate Disclosure Rule”) adopted by the SEC on March 6, 2024 and later stayed as a result of ongoing litigation.

Commissioner Uyeda reiterated both he and Commissioner Peirce’s consistent view that the current disclosure rules are sufficient to cover any material climate related disclosures. Furthermore, the Climate Disclosure Rule lacks statutory authority, SEC expertise and goes beyond the SEC’s arena of capital market regulation.

Commissioner Uyeda points out (and I whole-heartedly agree) that the Climate Disclosure Rule would require a large volume of financially immaterial information overstepping the SEC’s authority.

The Rule is currently preparing for oral argument in front of the Eighth Circuit based on briefs submitted by the prior administration. Commissioner Uyeda has instructed the SEC litigation team to inform the Court that the SEC’s previously submitted briefs do not reflect the SEC’s

February 18, 2025

SEC Proposed Mandatory Climate Disclosure Rules – Part 8

The proposed rules are enormous in scope, complexity, and ramifications with a polarizing comment response largely along party lines. The comment period ended June 17, 2022, after a relatively short, but necessary extension by the SEC. Despite the controversy, there is no doubt that the rules, even if somewhat modified, will be passed and public companies need to start preparing now. The recently published Reg Flex Agenda indicates we should see final rules in October 2022. The rules will require compliance with extraordinarily granular

July 12, 2022

SEC Proposed Mandatory Climate Disclosure Rules – Part 7

July 5, 2022

SEC Proposed Mandatory Climate Disclosure Rules – Part 6

The proposed rules are heady and complex (490-page rules release) presenting an enormous scope, complexity and ramifications. As such, like the SPAC rules, I am breaking down the proposal in detail in a series of blogs.

In the first blog in this series, I provided some background and an introduction to the rules (see HERE). The second provided a high-level summary of the proposed rules including the phase in compliance schedule (see HERE). The third blog in the series discussed the

June 28, 2022

SEC Proposed Mandatory Climate Disclosure Rules – Part 5

On March 21, 2022, the SEC proposed rules that would require publicly reporting companies to include certain climate-related disclosures in their registration statements and periodic reports. Among other information, the new disclosures would require information about greenhouse gas emissions (GHG), climate-related risks that are reasonably likely to have a material impact on a company’s business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to its audited financial statements. As a natural result of the new disclosure requirements, management of companies will be required to implement disclosure controls and procedures, including methodologies for identifying and assessing risks, and attest to their effectiveness.

June 21, 2022

SEC Proposed Mandatory Climate Disclosure Rules – Part 4

The proposed rules, which are heady and complex, initially only allotted for a 39-day comment period. Considering the size (490-page rules release), scope, complexity and ramifications, the marketplace pushed back on such a short window. On May 9, 2022, the SEC extended the comment period through June 17, 2022, and all aspects of the industry are weighing in. Other than the small but powerful group of environmental activists and institutional investors that influenced the proposed rule, the vast majority of the commenters believe the

June 14, 2022

SEC Proposed Mandatory Climate Disclosure Rules – Part 3

The proposed rules would include a phase-in period for all registrants, with the compliance date dependent on the registrant’s filer status, and an additional phase-in period for Scope 3 greenhouse gas emissions disclosure.

June 7, 2022

1700 Palm Beach Lakes Blvd, Suite 820

(800) 341-2684

Contact us

MAKE VALUED ALLIANCES

Climate Disclosure Rules

Climate Disclosure Rules On The Way Out

Categories

Contact Information

Recent Posts

Climate Disclosure Rules On The Way Out

NASDAQ Finalizes Amendments To Accelerate Delisting Process

NYSE Amends Listing Standards Related To Reverse Splits To Meet Minimum Price

Market Wrap Up – November and December 2024

Legal Resources

Tweets

DEVELOPED AND MANAGED BY

Featured On

Contact Author

Have a Question for Laura Anthony?