ESG disclosure takes a step forward in the United States

ESG disclosure takes a step forward in the United States

Today the SEC proposed rules to enhance climate-related disclosures, modeled in part on the widely used recommendations of the FSB’s Task Force on Climate-Related Financial Disclosures. The rules would apply to SEC registrants with respect to their registration statements and periodic reports, amending existing SEC rules under the Securities Act and the Exchange Act. The proposed phased-in compliance dates would apply beginning for fiscal year 2023. A public comment period remains open for 30 days after publication in the Federal register, or 60 days after the date of issuance and publication on sec.gov, whichever is longer. See the press release at https://www.sec.gov/news/press-release/2022-46?utm_medium=email&utm_source=govdelivery, and the fact sheet at https://www.sec.gov/files/33-11042-fact-sheet.pdf.