SEC Watching Global Green Reporting Push, Not Ready to Commit

The SEC is keeping close tabs on efforts to set up an international standard-setter for climate and other sustainability reporting, but the U.S. securities regulator could still go in a different direction, an official said Wednesday.

The International Financial Reporting Standards Foundation has said it will form a global green standards board this year to help companies meet increasing investor demand for nonfinancial information about the risks and opportunities they face from climate change.

“While we’re certainly watching and providing input to that,” Paul Munter, the SEC’s acting chief accountant, said of the foundation’s work, “it is not necessarily going ...