After months of anticipation, the Securities and Exchange Commission (SEC) issued its proposed climate-related disclosure rule Monday, a sweeping potential mandate that would force all public companies to quantify, measure, and disclose their effect on the environment.
The proposed rule would order public companies to include disclosures about how climate-related risks affect their strategy, business model, and outlook; how the company’s board and management oversee climate-related issues; and any plans for transition to a lower carbon footprint.
