Gensler Says SEC Climate Risk Rules Will Be Proposed by Year End
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The U.S. Securities and Exchange Commission is planning to propose rules by the end of the year that will require corporations to publicly disclose the risks they face from climate change, the agency’s chair said.
SEC chief Gary Gensler said the upcoming proposal will likely call for businesses to provide “qualitative” and “quantitative” information to investors. That could include particulars about how executives manage climate-related risks, as well as more granular details about greenhouse gas emissions and the financial impact of global warming. Gensler signaled the disclosures may appear in the mandatory filings public companies make to the SEC.