What you should know: On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) approved its long-awaited — and, for many, controversial — new rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The final version of this much-debated and discussed regulation in the U.S. will require SEC-listed companies to report on greenhouse gas (GHG) emissions and climate goals, as well as on climate-related risks and efforts to manage those risks.
Why it matters: The SEC climate disclosure requirement amplifies the wave of climate-related regulations sweeping around the globe and sends a signal to American companies that it is time to act — or to make more progress if they have already started. The earliest deadline to comply is in 2025 for certain SEC registrants. Private companies looking to go public or be acquired by a public company will also need to get ready for these new rules.
Our Insights: In this Flash Report, we break down the new rule released yesterday and what companies need to do to prepare themselves to comply.
What’s next: Companies should conduct gap and materiality analysis as soon as possible by assessing the core components of their existing sustainability programs and related data-gathering, validation and reporting.
Join our webinar to learn what is required under the SEC’s new rule and to assess the implications for your company.
