Tag: climate disclosure
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SEC formally proposes rescinding Biden-era climate disclosure rule
The Securities and Exchange Commission (SEC) formally proposed rescinding its 2024 climate-risk disclosure rule on May 29, 2026. SEC Chair Paul Atkins directed the proposal, which states that the 2024 rules are "a dramatic overreach of the Commission's statutory authority and, independently, unsound as a matter of policy." The 2024 rule, adopted under then-Chair Gary…
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SEC moves to rescind 2024 climate disclosure rule
The Securities and Exchange Commission (SEC) submitted a proposal to rescind its 2024 climate-risk disclosure rule to the Office of Information and Regulatory Affairs on May 4, 2026. The rule never took effect because litigation paused its implementation shortly after adoption. SEC staff is also preparing recommendations to the commission to rescind the rule at…
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China launches first corporate climate disclosure standards
On Jan. 5, China's Ministry of Finance released the country’s first national corporate climate report framework, titled Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial). The standard sets voluntary guidelines for companies to disclose climate-related information and is intended to align with international reporting frameworks. The framework will start on a voluntary, trial basis,…