Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC Will Track Environmental Disclosures

Compliance Week | July 20, 2004

According to a new report from the GAO, the SEC has agreed to improve the way it tracks environmental disclosures from public companies.

The report comes on the heels of a 2003 U.N. Summit on Climate Risk, which emphasized the importance of environmental disclosure.

Shortly after the event, a group of the nation’s largest institutional investors wrote a letter to the chairman of the SEC, urging the Commission to clarify the importance of companies detailing their climate risk disclosure in the MD&A section of periodic reports.

The GAO report was published the same week that a study analyzing environmental disclosures of U.K. companies found most lacked depth or quantitative data. According to Simon Thomas, chairman of the London-based firm that completed the study for the U.K's Environment Agency, “There is overall very little consistency in the type or...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.