SEC Mulls Climate Change Risks in 10-Ks Over Amazon Objections (1)

The SEC’s proposal for new rules on mandatory climate change disclosures could require companies to put in their annual reports information on greenhouse gas emissions and plans for managing risks, the agency’s chair said.

The Securities and Exchange Commission is looking at mandated quantitative reporting that also includes financial impacts of climate change and progress towards climate goals, SEC Chair Gary Gensler said in his remarks Wednesday at a United Nations-backed Principles for Responsible Investment event.

Some qualitative disclosures under consideration would cover how executives manage climate risks and opportunities, and how climate change factors into a company’s business strategy, ...