Vice President Harris looks at a hyperwall during a climate change discussion at the Goddard Space Flight Center in Greenbelt, Md., on Nov. 5 , 2021. The SEC unveiled new proposals on Monday requiring companies to disclose climate-related risks.
Though some companies such as Apple have voluntarily reported climate-related information, until now there have not been any standardized requirements imposed by the SEC. Companies would need to disclose potential risks to their operations from climate-related events such as having operations in an area facing the risk of rising sea levels.
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The SEC Wants Companies To Disclose How Climate Change is Affecting ThemIn a statement of support for the proposed rules, SEC Chair Gary Gensler said the regulator is responding to demand from investors and companies given the increased push for information on the risks climate change-related events pose to businesses.
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Source: MarketWatch - 🏆 3. / 97 Read more »
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