By Aaron Nicodemus2024-03-20T16:03:00
Legal experts are advising their public company clients to move forward with plans to comply with the Securities and Exchange Commission’s (SEC) climate-related disclosure rule, despite lawsuits and other challenges being brought against the controversial policy in the aftermath of its approval.
“We think it’s a better approach to prepare for the rule to take effect,” said Megan Gates, partner at law firm Covington. “It’s not a great approach to wait and see, if that means not doing anything.”
Almost immediately after the SEC passed the rule by a 3-2 vote on March 6, the blowback began. A total of 22 state attorneys general filed lawsuits in three federal courts, according to a report from Bloomberg Law, while business interest groups led by the U.S. Chamber of Commerce also filed a lawsuit.
2025-07-26T01:58:00Z By Aly McDevitt
The SEC refused to say whether it would enforce its landmark Climate-Related Disclosure Rules in a status report filed Wednesday, deepening uncertainty as the regulation faces legal challenges.
2024-04-15T13:47:00Z By Ruth Prickett
By holding the Swiss government accountable for failing to do more to limit climate change, a ruling by the European Court of Human Rights might have significant implications for legislators and organizations in other countries across the European Union.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2025-09-15T16:47:00Z By Ruth Prickett
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2025-09-08T05:00:00Z By Oscar Gonzalez
The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.
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