On March 6, 2024, the SEC issued a final rule1 that requires registrants to provide climate-related disclosures in their annual reports and registration statements, including those for IPOs, beginning with annual reports for the year ending December 31, 2025, for calendar-year-end large accelerated filers. The final rule scales back the proposed rule2 in several key ways. For example, companies will not have to provide Scope 3 GHG emission disclosures, their financial statement disclosure requirements will be less extensive, and they will have more time to implement the disclosures and related assurance requirements.
Managing Director at Deloitte & Touche LLP specializing in ESG reporting, SEC reporting, and IPOs.
Its been a busy day with the SEC issuing their final rule on climate-related disclosures. I am so proud of the work our team did distilling the 886 pages in to our executive summary Heads Up so quickly - take a read. Great work Eric Knachel, Kristen Sullivan, Laura McCracken, Consuelo Hitchcock, Jared Bennis, CPA, Michael Shonce, Doug Van House, and many others. https://lnkd.in/dDUzFfBJ
