Published 2 months ago

SEC Unveils Higher Threshold for Reporting on Climate Costs (2)

Summary by Ground News

The Securities and Exchange Commission voted 3-2 to approve a climate reporting plan that sets a higher bar than a two-year-old draft. The plan also requires companies to tally significant costs associated with transitioning to greener product lines and energy sources. The accounting disclosures are part of the commission's landmark expansion of corporate reporting.

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SEC Unveils Higher Threshold for Reporting on Climate Costs (2)

Public companies for the first time will have to disclose in US securities filings the financial impact to their revenues and balance sheets from events like wildfires and hurricanes as part of a pared-down climate rules package the SEC finalized on Wednesday.

2 months ago

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SEC Unveils Higher Threshold for Reporting on Climate Costs (2)

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SEC Unveils Higher Threshold for Reporting on Climate Costs (2)

SEC Unveils Higher Threshold for Reporting on Climate Costs (2)

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