SEC abandons defense of climate-related disclosure rules, reducing investor access to material information
WASHINGTON – Yesterday, the U.S. Securities and Exchange Commission (SEC) announced it would no longer defend its climate-related disclosure rules in court, following months of litigation. The decision weakens efforts to ensure access to consistent, transparent climate risk information for investors.
“The SEC’s decision to abandon its own climate-related disclosure rule is disappointing,” said Kathy Fallon, Land Systems Director at Clean Air Task Force (CATF).
The SEC’s climate-related disclosure rule, finalized in 2024, requires publicly traded companies to report certain greenhouse gas emissions and provide details on their climate-related financial risks.
“Walking away from these rules means walking away from corporate transparency on how they are managing climate risk,” said Fallon. “The SEC is effectively telling companies they can continue to pick and choose what they disclose, including critical details about their reliance on carbon offsets. This is a major setback for investors and for the integrity of corporate climate claims.”
Contacto con la prensa
Natalie Volk, Communications Manager, [email protected], +1-703-785-9580
Acerca de Clean Air Task Force
Clean Air Task Force (CATF) es una organización mundial sin ánimo de lucro que trabaja para protegerse de los peores efectos del cambio climático catalizando el rápido desarrollo y despliegue de energías bajas en carbono y otras tecnologías de protección del clima. Con más de 25 años de experiencia reconocida internacionalmente en política climática y un firme compromiso con la exploración de todas las soluciones posibles, CATF es un grupo de defensa pragmático y no ideológico con las ideas audaces necesarias para abordar el cambio climático. CATF tiene oficinas en Boston, Washington D.C. y Bruselas, y cuenta con personal que trabaja virtualmente en todo el mundo. Visite catf.us y siga @cleanaircatf.
