On March 6, 2024, the SEC approved with a 3-to-2 vote a long-awaited final rule that requires significant details about a registrant’s climate-related risks. While the SEC scaled back on many of the proposal’s mandates, added several materiality thresholds and lengthened and staggered compliance dates, the changes may significantly increase reporting costs and complexity. This article provides details on the final rule, which would apply to all SEC reporting companies.
If you have any questions or need assistance, please reach out to a professional at FORVIS.