Chart: Comparison of SEC’s Climate Rule; CSRD and ISSB IFRS

Carlin Comparison Chart

Here’s a note from David Carlin:

It has been delayed for over a year, watered down, and will still face intense legal challenges.

A more ambitious rule would have provided investors with better information in their attempts to efficiently allocate capital in the age of climate change and would have reduced the challenges of regulatory fragmentation on US firms. However, we still have a rule, albeit weaker than we might have hoped.

I put together the comparison below with the International Sustainability Standards Board (ISSB)’s IFRS S1 and S2 and the EU’s CSRD and ESRS to see how the new U.S. Securities and Exchange Commission rule stacks up. I hope you find it helpful!