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.”
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Natalie Volk, Communications Manager, [email protected], +1-703-785-9580
À propos de Clean Air Task Force
Clean Air Task Force (CATF) est une organisation mondiale à but non lucratif qui œuvre à la protection contre les pires impacts du changement climatique en catalysant le développement et le déploiement rapides d'énergies à faible teneur en carbone et d'autres technologies de protection du climat. Avec plus de 25 ans d'expertise internationalement reconnue en matière de politique climatique et une volonté farouche d'explorer toutes les solutions potentielles, CATF est un groupe de défense pragmatique et non idéologique qui propose les idées audacieuses nécessaires pour lutter contre le changement climatique. CATF a des bureaux à Boston, Washington D.C. et Bruxelles, et son personnel travaille virtuellement dans le monde entier. Visitez catf.us et suivez @cleanaircatf.
