The SEC Climate Disclosures Proposal
Last month, the Securities and Exchange Commission (SEC) announced that it will require public companies, and companies with public SEC-registered securities, to include particular climate-related disclosures when filing registration statements and periodic reports.
A number of companies in the 9fin universe look set to be in-scope, meaning that this proposal will significantly increase the availability of data for those in high yield; starting in 2023 for the largest companies. Because form 20-F filers will be included, the Europe-US disclosure ecosystem could symbiose, leading investors to expect the SEC climate disclosures from companies they deal with whether they file with the SEC or not.
The new rule isn’t yet in its final form. There will be further comments and amendments to the proposal.