SEC Mulling Corporate Reporting on Net-Zero Goals, Chair Says

The SEC is considering disclosure requirements for companies that pledge to reduce their greenhouse gas emissions and meet goals to fight climate change, agency Chairman Gary Gensler said.

The Securities and Exchange Commission rules potentially would cover companies with “forward-looking climate commitments” and major operations in countries with mandated climate targets, Gensler said in remarks prepared for City & Financial Global’s London City Week event Wednesday.

The comments provide the most detailed look yet into Gensler’s plans for new climate disclosures. The SEC is planning to release a proposal this fall.

Companies are increasingly vowing to reduce their emissions to ...