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Companies need to report their climate risks

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Added by MiAmigo
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DIG DEEPER at Norwegian SciTech News:
https://norwegianscitechnews.com/2022/10/companies-need-to-report-climate-risks/

Regulators across the globe regularly require publicly traded companies to tell their stockholders about potential financial risks. A March proposal from the US Securities and Exchange Commission (SEC) would require companies to disclose the risks that climate change poses to their financial health. Adopting the rule is an important step for the climate, researchers say.

Climate change is real, and it’s happening now ¬– from melting permafrost in the Arctic to massive flooding in Pakistan to the increased likelihood of devastating hurricanes in the Americas and elsewhere.

So why shouldn’t companies be required to report how their business affects the climate – and how climate change will affect a company’s financial health? The US Securities and Exchange Commission has proposed a new rule that would require exactly that.

The rule was proposed in March with an extended public comment period that garnered more than 14,000 submissions. The rule would apply to all companies publicly traded in the United States – even if they are not US based.

DIG DEEPER at Norwegian SciTech News:
https://norwegianscitechnews.com/2022/10/companies-need-to-report-climate-risks/
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