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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