SEC Weighs Phased Approach For Climate Risk Disclosure Requirements

The Securities & Exchange Commission (SEC) may phase in its planned climate disclosure requirements to avoid over-burdening smaller companies, according to recent Capitol Hill testimony from Chairman Gary Gensler, providing additional details on how the panel might structure its highly anticipated rule. Gensler testified at an Oct. 5 hearing of the House Financial Services Committee that SEC’s upcoming disclosure rules might not require the same disclosures for every company all at once. SEC staff is considering how to “phase the...