Brown Statement on Final Sec Climate Disclosure Rules
WASHINGTON, D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Securities and Exchange Commission (SEC) finalized new climate disclosure rules. The new disclosure requirements require public companies to disclose material climate-related risks to investors, including the first SEC requirements to disclose material greenhouse gas emissions.
“Climate risk, like any other financial risk, is a threat to Americans’ jobs and savings, and to our markets and economy. It’s commonsense to add material climate risks to the list of what we already require companies to disclose and establish a consistent framework for reporting greenhouse gas emissions,” said Brown. “It’s clear the SEC responded to feedback from stakeholders and this rule reflects a thoughtful approach to climate risk disclosure.”
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