Given the increase in demand for climate change information and the ongoing debate regarding whether the current disclosures provide sufficient decision-useful information for investors, SEC Acting Chair Allison Herren Lee issued a public statement in which she requested public input from all market participants on climate change disclosures. The 60 questions ask for input on a range of topics, including the role of the SEC, the types of information that would be useful, the merits of industry specificity, the value of a single set of global standards, and whether guidance should consider existing frameworks, such as those developed by the Task Force on Climate-Related Financial Disclosures, the Sustainability Accounting Standards Board, or the Climate Disclosure Standards Board. The questions also ask if the focus should be on climate or more broadly on all elements of ESG and the role of third-party assurance. Comments are due by June 13.
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