In a Reuters legal news video, capital markets partner and co-chair Craig Marcus (Boston) examined the U.S. Securities and Exchange Commission’s proposed climate disclosure rule that requires publicly traded companies to disclose their own greenhouse gas emissions and climate-related risks as well as those of suppliers and customers, if they are material to investors.
Craig notes it is an aggressive SEC proposal for all public companies. He said there is a lot in the SEC proposal that would apply to public businesses that do not view themselves as being on the forefront of environmental risk and oversight. He questions if investors will care about how much energy an asset management firm uses on its terminals in its financial analysis as compared to a coal manufacturer generating coal emissions.
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