US regulators are about to announce new rules for disclosing climate risks
The Securities and Exchange Commission (SEC) is expected to announce whether companies operating in the US will need to disclose their greenhouse gas emissions and the climate risks their businesses face. The decision, set for March 21, would mark a historic change to hold companies responsible for their climate impacts in the US. The regulations may also provide a clearer picture of economic and financial system impacts due to climate change.
Setting clear standards for emissions reporting
Many companies already report their greenhouse gas emissions, but there are no across-the-board standards in the US for how to do so. The SEC announcement would be followed by a public feedback period for any proposed rules.
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