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.”
Contatto con la stampa
Natalie Volk, Communications Manager, [email protected], +1-703-785-9580
Circa Clean Air Task Force
Clean Air Task Force (CATF) è un'organizzazione globale senza scopo di lucro che lavora per salvaguardarsi dai peggiori impatti del cambiamento climatico catalizzando il rapido sviluppo e la diffusione di energia a basso contenuto di carbonio e di altre tecnologie per la protezione del clima. Con oltre 25 anni di esperienza riconosciuta a livello internazionale in materia di politica climatica e un forte impegno nell'esplorare tutte le potenziali soluzioni, CATF è un gruppo di advocacy pragmatico e non ideologico con le idee coraggiose necessarie per affrontare il cambiamento climatico. CATF ha uffici a Boston, Washington D.C. e Bruxelles, con personale che lavora virtualmente in tutto il mondo. Visitate catf.us e seguite @cleanaircatf.
