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Technical Line - A closer look at the SEC’s climate-related disclosure requirements


Our Technical Line discusses the rules adopted by the SEC on 6 March 2024 that will require registrants to provide climate-related disclosures in annual reports and registration statements. Under the rules, the disclosures that will be required in the audited financial statements include certain effects of severe weather events and other natural conditions and amounts related to carbon offsets and renewable energy credits or certificates. The required disclosures outside the financial statements include material climate-related risks (e.g., descriptions of the risks, related board oversight and risk management activities, the material impacts of these risks on a registrant’s strategy, business model, outlook and results) and any material climate-related targets or goals. The rules will require accelerated and large accelerated filers to disclose Scope 1 and Scope 2 greenhouse gas (GHG) emissions, if material, and these disclosures will be subject to independent third-party assurance.

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