The climate-related disclosure rule proposed by the Securities and Exchange Commission (SEC) will eventually pass but not before undergoing some changes, practitioners speaking at Compliance Week’s virtual ESG Summit predicted.
Implementation of the rule might also be delayed if companies and trade groups follow through on threats to block it with litigation.
Despite foreseeing changes and delays, speakers at the environmental, social, and governance (ESG) event urged attendees to continue preparing for the SEC’s potential mandate as if climate-related disclosures will be required for the 2023 fiscal year for large accelerated filers, as currently proposed.
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Respondents to our “Inside the Mind of the CCO” survey that have begun complying with the Securities and Exchange Commission’s climate-related disclosure rule share the biggest hurdles they’ve faced.
Christopher Geiger, vice president of internal audit and enterprise risk at Lockheed Martin, explained how businesses must form resilience as they prepare for future risks regarding environmental, social, and governance during CW’s virtual ESG Summit.
Two experts explained how the C-suite as a whole—not just compliance officers—should be focused on the holistic approach to supply chain risk management during a session at CW’s virtual ESG Summit.
Transparency in environmental, social, and governance reporting has become an important goal, with materiality assessments impacting compliance outcomes, experts said during CW’s virtual ESG Summit.
It’s important companies exercise patience when determining when to begin an assurance engagement, experts explained during a session at CW’s virtual ESG Summit.
There is much companies can do—and must do, given upcoming regulatory requirements—to rein in Scope 3 emissions, sustainability expert Susan McNichols discussed at CW’s virtual ESG Summit.
