Bloomberg Tax
Nov. 7, 2022, 9:59 PM

Accord in Global Climate Rules ‘Moving Target,’ SEC Official Says

Amanda Iacone
Amanda Iacone

Aligning draft SEC climate rules with pending international sustainability standards is a “moving target” and a challenge as the US market regulator looks to ease the reporting burden for global companies, a commission official said Monday.

Finding common ground with regulators in multiple countries as well as the year-old International Sustainability Standards Board could reduce confusion over seemingly similar terminology and lower costs for multinational companies that will face similar requirements outside the US, said Paul Munter, acting chief accountant to the Securities and Exchange Commission.

“Most of the organizations and the individuals that we deal with are very committed ...