In The Wall Street Journal, capital markets partner Craig Marcus (Boston) is quoted on a new rule proposed by the U.S. Securities and Exchange Commission that would require public companies to strengthen climate-related reporting and could increase the exposure of these businesses to costly securities litigation.
For some companies, the SEC’s proposed rule would mandate that they determine and disclose emissions caused by supply networks and their customers in connection with their products, a process that requires assembling data many companies haven’t previously considered.
With the SEC encouraging more robust climate disclosures, Craig notes this may lead to litigation surrounding allegations of material omissions or misstatements related to the additional climate disclosures.
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