Mon, December 9, 2024
[ Mon, Dec 09th 2024 ]: Daily News
Tanzania's path to prosperity
Sun, December 8, 2024

SEC's climate disclosure rules may not survive under Trump, but many firms still likely to report risks

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. but-many-firms-still-likely-to-report-risks.html
  Print publication without navigation Published in Business and Finance on by AOL
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The current SEC Chair Gary Gensler, who introduced the climate disclosure mandates, will step down on Jan. 20. He is expected to be succeeded by President-elect Donald Trump's nominee, Paul Atkins, who is a veteran regulator with a libertarian outlet, Fortune reported.
The article from AOL Finance discusses the potential impact of the SEC's proposed climate disclosure rules on U.S. companies. These rules would require companies to report their greenhouse gas emissions, including Scope 3 emissions which cover indirect emissions from activities like business travel and the use of sold products. The SEC aims to standardize how companies report climate-related financial risks, which could affect investment decisions and corporate transparency. However, there is significant pushback from various business groups and Republican lawmakers who argue that these regulations could impose heavy compliance costs and might not accurately reflect the financial materiality of climate risks. Critics also express concerns about the feasibility of accurately measuring Scope 3 emissions. The rules are part of a broader global trend towards mandatory climate risk disclosure, with the SEC's final decision still pending after considering public feedback.

Read the Full AOL Article at:
[ https://www.aol.com/finance/sec-climate-disclosure-rules-may-123820976.html ]