By Tony Liou, President of Partner Energy, published on March 13, 2024 in GlobeSt.com
On March 6, 2024, the Securities and Exchange Commission (SEC) adopted new rules mandating registrants to disclose certain climate-related information within registration statements and annual reports. Initially proposed on March 21, 2022, these rules aim to enhance transparency around the financial impacts of climate-related risks on companies.
The final rules include the disclosure of material climate-related risks, efforts to mitigate or adapt to these risks, the involvement of the board of directors and management in overseeing these risks, and the impact of climate-related targets or goals on the company’s operations and financial status. Companies will also be required to disclose information about the financial impacts of severe weather events and other natural conditions.
For more on SEC New Rules, read the full article on GlobeSt.com.