What Happened
Regulatory Shift Away From Climate Reporting Requirements
The US Securities and Exchange Commission has proposed to rescind its 2024 rule amendments requiring the disclosure of climate-related information. The rules, which were stayed before going into effect, would have required granular disclosure about climate-related matters in the registration statements and other filings of nearly all public companies. According to the SEC, the rules were overly burdensome and costly, exceeded the agency’s statutory authority, and were bad policy. The proposal was reported by VitalLaw.com.