After much anticipation, on March 21, 2022, the US Securities and Exchange Commission (“SEC”) voted to propose rules that would require extensive reporting by public companies of climate change-related disclosure and related attestation, if adopted. In a departure from existing “principles-based” disclosure requirements rooted in materiality, the SEC proposed rules that are prescriptive and intended to provide investors with consistent and comparable data, despite recent evidence that a significant majority of companies questioned by SEC Staff currently do not find climate change-related physical or transition risks to be material to their businesses. Join Mayer Brown for a discussion of the proposal and its impact on public companies. Our Public Companies & Corporate Governance lawyers will discuss:
- Overview and background of the proposed new rules
- Proposed changes to Regulation S-X affecting financial statement disclosures
- Proposed changes to Regulation S-K affecting non-financial statement disclosures
- Proposed scope and phase-in periods
- Practical considerations for public companies
CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.
Related Capabilities
Events
-
November 16 – 172023
-
September 21 – 222023