Jessica D. Burt

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 the full article here.

Information contained in this publication should not be construed as legal advice or opinion or as a substitute for the advice of counsel. The articles by these authors may have first appeared in other publications. The content provided is for educational and informational purposes for the use of clients and others who may be interested in the subject matter. We recommend that readers seek specific advice from counsel about particular matters of interest.