Kristen Sullivan’s Post

The SEC’s final rule on climate-related disclosures is officially here! Check out the Heads Up Deloitte just published highlighting the key elements of the final rule. More to come! #esg #secreporting #transactionadvisory #technicalaccounting #deloitte #esgreporting

The SEC’s final rule on climate-related disclosures is officially here! Check out the Heads Up #Deloitte just published highlighting the key elements of the final rule. More to come!

It’s here! Check out the executive summary and upcoming debriefs on the SEC #climate disclosure rule

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.

Implementation Considerations — The Time to Prepare Is Now

Here is our summary of the SEC's climate risk disclosure rules.

The SEC adopted climate-related disclosure rules on March 6, after a nearly 2-year wait. The final rule and commentary are over 800 pages, but you can read our summary and takeaways here. 

Very interesting to see how the US SEC is developing its thinking on ESG disclosures and my colleagues have dealt with this in the below. This just reinforces the need to be aware of global developments as all of the changes in this area gather pace. Please find link to the full article below:

Looking for a better understanding of the latest and final climate-related disclosures released by the SEC (all 886 pages)? Check out this comprehensive Sidley Update. No stone was left unturned!

Cooley LLP outlines the Security Exchange Commission’s recently approved #climatedisclosure rules, which require companies to disclose information on climate-related risks that are reasonably likely to have a material impact on the company's #businessstrategy, results of #operations, or financial condition.