Administrative/Regulatory
Mar. 7, 2024
States challenge SEC's 'unlawful' climate disclosure rules
The finalized guidance from the SEC represents a significant weakening of its original proposal yet still faces a legal challenge from a coalition of 10 states.
Ten states issued a legal challenge to new disclosure guidelines from the SEC which impose additional reporting requirements on corporations regarding the material risk they face from climate-related events and their Scope 1 and 2 emissions.
'The Enhancement and Standardization of Climate-Related Disclosures for Investors,' announced Wednesday, is far weaker than the guidance initially proposed by the SEC, which would have required disclosure of Scope 3 emissions.
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