BusinessCompany NewsSEC to provide guidance on climate change reporting

SEC to provide guidance on climate change reporting

The Securities and Exchange Commission chairman confirms companies will receive guidance on environmental reporting issues

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.

Further reading:

Cracks
appear in carbon emissions accounting

PBR
09: Climate Change Levy increased

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