Experts Clash Over Role Of Third-Party Guides In Climate Disclosure Rules

October 29, 2021
Financial experts are clashing over the extent to which the Securities and Exchange Commission (SEC) should rely on guidelines from third-party standard setters as it develops highly anticipated climate change disclosure requirements for public companies in the coming months. Supporters say the SEC should take advantage of outside standard setters’ extensive work on the issue, including sector-specific frameworks. However, critics say that if the commission were to delegate its responsibility to such groups, it could risk a court overturning the...

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