International Financing Review Quotes Michael Littenberg on the SEC’s Proposal to Rescind Climate Disclosure Rules

In an International Financing Review article, Michael Littenberg, corporate partner and global head of the firm’s ESG, CSR and business and human rights compliance practice, discussed the submitted comments to the Securities and Exchange Commission’s proposal to rescind the agency’s 2024 climate disclosure rules. Michael noted that firms that comment are more likely to focus on the policy implications of the rollback than trying to change the SEC's decision, and comments are likely to be technical in nature.

He also spoke about the European Union’s and California’s corporate climate disclosure laws. With the implementation of these mandated reporting requirements, particularly the EU’s Corporate Sustainability Reporting Directive, “U.S. companies are pivoting their disclosure approach,” he said.