The Securities and Exchange Commission Issues Interpretive Guidance on Disclosure of Climate Change Impacts.
Mondaq Business Briefing › Nbr. 2010, January 2010
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The Securities and Exchange Commission Issues Interpretive Guidance on Disclosure of Climate Change Impacts.
On February 8, 2010, the Securities and Exchange Commission (SEC or Commission) issued its first official interpretive guidance to public companies regarding disclosure of climate change impacts in reports and other documents filed with that agency. Commission Guidance Regarding Disclosure Related to Climate Change1 (Interpretive Release) is of significance to reporting companies for two major reasons:
It provides useful, substantive interpretive guidance on the specific disclosures required of public companies when their financial status is materially affected by physical, legislative or regulatory impacts of climate change. It is the SEC's first major acknowledgement that climate change issues may, under appropriate factual scenarios, be sufficiently financially "material" to merit disclosure. Although the significance of the first reason is obvious, that of the se...See the full content of this document
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