Businesses Could Be at Risk with New SEC Disclosure Guidelines
The U.S. Securities and Exchange Commission’s new climate change disclosure guidance, which now requires businesses to report on how climate change will impact their businesses, poses new challenges for them.
Robert O’Connor, head of the clean tech practice at Wilson Sonsini Goodrich & Rosati told Law.com that companies will need to have the infrastructure in place to know whether there is something to disclose and they need to find out if they are responsible for all or some of the carbon emissions in their supply chains.
O’Connor said in the article that the biggest risks would be if a global climate treaty or a carbon tax passes.
The commission published the guidelines (PDF) this week (Feb. 8), which are effective immediately, reports Law.com.
The guidelines provide businesses with four areas where climate change could trigger disclosure requirements, reports Law.com. They are legislation and regulations, international accords, indirect consequences of regulation and business trends, and physical impacts of climate change, according to the article.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Tesla Becoming a Major Player in the Energy Storage Market
- Federal Agencies Must Use eProject Builder for All ESPC Projects
- Refrigeration Battery Works as Energy Storage
- 400 kW Fuel Cell System Powers Comcast Facility
- City Picks UtilityTRX for Utility Bill Management
- FridgeWize Unveils HVAC EC Motors
- Aztec AMC Modular HVAC system Reduces Data Center Cooling Costs
- Verismic Does Remote PC Power Management