US Needs Climate Reporting as Foreign Rules Come, Gensler Says

US companies should have their own climate disclosure rules as more countries advance reporting standards geared toward foreign investors, SEC Chair Gary Gensler said.

Many large US companies that operate overseas already have or are facing climate disclosure regulations in European Union countries, Japan and other nations, Gensler said Tuesday. But their rules may fail to align with the laws and economy of the US, he said.

Gensler’s remarks come as the Securities and Exchange Commission is working to finalize US regulations requiring greenhouse gas emissions disclosures and the release of other climate information. The agency in March released a ...