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Tags: sec | climate risk rule

SEC Poised to Unveil Climate Risk Rule

SEC
(AP)

Monday, 07 March 2022 11:24 AM EST

The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, said two people familiar with the agency's planning.

One of the people, who spoke anonymously about private agency plans, said the Wall Street regulator is "committed" to issuing the proposal by month end.

Last year, the SEC began working on a new rule requiring U.S.-listed companies to provide investors with detailed disclosures on how climate change could affect their business.

The move to issue the measure comes after a number of delays. The SEC initially said it would publish a draft in October, but Chair Gary Gensler subsequently pushed that deadline to January.

Last month, lawmakers, including Democratic U.S. Senator Elizabeth Warren, criticized the agency and called for "quick action" on the issue.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, according to two people familiar with the agency's planning.
sec, climate risk rule
133
2022-24-07
Monday, 07 March 2022 11:24 AM
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