Can the SEC Climate Rule Spur a Culture of Voluntary Disclosure?

The Security and Exchange Commission’s recently adopted regulations on greenhouse gas emissions and climate-related financial disclosures mark a significant step toward availability of public information for investors in the future. The new regulations are currently mired in litigation. However, we believe that the pressure in the US from these rules and California’s Climate Corporate Data Accountability Act, or CCCDA, as well as its Climate-Related Financial Risk Act (collectively the California’s Climate Accountability Package) will spur the US to move toward the European Union in its climate disclosure regime, depending on the elections this November and the outcome of litigation. READ MORE