Bloomberg Tax
Aug. 23, 2021, 8:45 AM

Accounting May Be ‘Blind Spot’ as SEC Mulls Climate Reporting

Nicola M. White
Nicola M. White

Coming soon: SEC rules for public companies to report the impacts of climate change and progress toward climate goals.

Already here, and not to be ignored: accounting requirements that capture some details, like the financial effects of a commitment to going carbon-neutral or phasing out energy-sucking machinery and equipment.

While the Securities and Exchange Commission’s reporting rules—expected by early fall—grab headlines, the existing financial reporting requirements must still be followed, say practitioners, standard-setters, and regulators themselves. And the SEC is paying attention.

“There’s so much attention being given to reporting requirements in the future,” said Eric Knachel, partner ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.