Insights & News

SEC Proposes Rule Changes for the Enhancement and Standardization of Climate-Related Disclosure

March 31, 2022
Client Alert
Introduction
On March 21, 2022, the U.S. Securities and Exchange Commission (SEC), in a 3-1 vote, proposed rule changes to require U.S. public companies and certain foreign private issuers (companies) to disclose more comprehensive and standardized climate-related information in their registration statements and periodic reports. The Proposal would add new reporting requirements for companies such as disclosure of climate-related data, goals and risks in registration statements and periodic reports. It also would require additional financial statement metrics and attestation of the proposed disclosure for certain registrants. Public comments on the Proposal must be received 30 days after publication in the Federal Register or by May 20, 2022, whichever is later.

This Alert provides a brief overview of the Proposal and key takeaways from the perspective of asset managers and funds. Read full article here.

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