Narrowing the Scope: Finalized Climate-Related Disclosures Rule

Following a nearly two-year wait, the Securities and Exchange Commission (“SEC” or “Commission”) released its Final Rule—The Enhancement and Standardization of Climate-Related Disclosures for Investors—on March 6, 2024. The Final Rule, which becomes effective 60 days after its publication in the Federal Register, requires publicly listed U.S. companies and foreign private issuers to disclose certain climate-related information in their registration statements and annual reports.¹ On March 21, 2022, the SEC released its proposed rule, leading to fierce debate and the submission of over 24,000 comment letters, with many commenters expressing concern regarding… Read more