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28 Jan 2010
US companies could be shown how to better report climate change issues.
Securities and Exchange Commission chairman Mary Schapiro said it was considering providing guidance to companies on disclosure requirements relating to climate change.
The move would be made to provide clearer climate change reporting data for investors.
Schapiro said: "An interpretive release, as this is known, does not create new legal requirements or modify existing ones – it is merely intended to provide clarity and enhance consistency."
"What the commission is considering is whether to provide guidance that can help public companies in determining what does and does not need to be disclosed," she added.
The statement was made at an open commission meeting in Washington yesterday.
Schapiro confirmed the commission had no plans to amend existing legislation.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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