Environmental Law Institute – Analyzing the SEC Climate Disclosure Proposal
On March 21, 2022, the Securities and Exchange Commission (SEC) proposed rules requiring companies to disclose information regarding climate-related risks. The rules come amidst increased interest and investments in environmental, social, and governance (ESG) investment profiles. Global ESG investment increased from $285 billion in 2019 to nearly $700 billion in 2021.
While there are some voluntary reporting guidelines, such as those from the International Organization for Standardization’s form 14030 (ISO 14030), Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and The Task Force on Climate-related Financial Disclosures (TCFD), among others, these reporting methods lack uniformity, posing difficulties for both companies and investors to analyze ESG reports.
Join the Environmental Law Institute and expert panelists to explore the proposed SEC rules on ESG. Panelists will highlight the existing reporting framework, the challenges of this system, and how these proposed rules intend to resolve the existing challenges.