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Government,
Administrative/Regulatory

Apr. 8, 2022

The SEC proposes far-reaching climate disclosure rules

It is anticipated that there will be legal challenges to the SEC’s proposed climate disclosure rules, as a number of State Attorneys General have already questioned whether the SEC has the statutory authority to mandate climate-related reporting.

Tara K. Giunta

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Nicolas Morgan

Partner
Paul Hastings LLP

Phone: (213) 683-6181

Email: nicolasmorgan@paulhastings.com

Nicolas is a partner in the firm's Litigation Department. He served as senior trial counsel in the SEC's Los Angeles office.

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On March 21, 2022, the Securities and Exchange Commission (“SEC”) voted to propose far-reaching rules designed to “enhance and standardize registrants’ climate-related disclosures for investors.” This rulemaking follows years of investors seeking consistent and comparable disclosure of environmental, social, and governance (“ESG”) risks. It also follows on the heels of similar efforts in Europe to develop uniform ESG disclosure requirements.

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