The Enhancement and Standardization of Climate-Related Disclosures for Investors
Summary
This notice announces the voluntary stay of the SEC's climate-related disclosure rules pending the resolution of consolidated legal challenges in the Eighth Circuit Court of Appeals. The rules, which would require publicly traded companies to disclose material climate-related risks and greenhouse gas emissions, remain on the books but compliance dates are paused until further order.
Key Points
- 1Voluntarily stays compliance deadlines for climate disclosure requirements during litigation
- 2The underlying rule requires disclosure of material climate risks in annual reports
- 3Large accelerated filers would need to disclose Scope 1 and 2 greenhouse gas emissions
- 4Financial statement footnotes must include climate-related impacts exceeding materiality thresholds
- 5Stay applies to all registrants until the Eighth Circuit issues a final decision
Impact Assessment
If you are a publicly traded company, you do not need to comply with climate disclosure requirements yet because the SEC has paused enforcement while courts decide whether these rules are legal.
National
None
Key Dates
March 28, 2024
Regulatory Connections
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.