Sunday, February 21, 2010

SEC "Guides" Firms to Disclose Climate Change Impacts

I have to admit that I had to read this SEC press release a couple of times to believe that it was for real. While not being a regultory mandate (yet, perhaps) this SEC "interpretive guidance" recommends that the following climate change considerations may trigger a disclosure requirement for publicly-traded firms in their filings:
  • Impact of Regulation and Legislation
  • Impact of International Accords
  • Indirect Consequences of Regulation or Business Trends
  • Physical Impacts of Climate Change

I think I'll need to chew on this more before posting deeper analysis of this announcement, though I do find it somewhat stunning.

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