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 ...