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SEC Aims for Harmony With Global Standards on Climate Reporting

May 19, 2022, 8:20 PM

SEC officials have been working behind the scenes with the global sustainability reporting board to ensure that US climate reporting rules don’t clash with international proposals, the regulator’s top accountant said Thursday.

The Securities and Exchange Commission and the International Sustainability Standards Board both published draft requirements in March detailing what companies should tell investors about the risks and opportunities they face from a warming planet. The Wall Street regulator goes further than the ISSB and would also require listed companies to detail the financial costs from extreme weather events and capital investments that would help reduce their greenhouse gas ...