More on “status of SEC’s proposed rules for more climate disclosure”
Recently, I blogged about a Reuters article that gave us a status check on the SEC’s upcoming proposal on climate disclosure rules. It talked about disagreements among the SEC Commissioners over Scope 3 emissions disclosures and more.
Now we have this Bloomberg article that keys in on possible disagreements between SEC Chair Gensler and the two other Democrat Commissioners over how far to push the envelope on materiality. Chair Gensler wants any new rule to withstand a court challenge – not an invalid concern because there surely will be one.
And he’s also concerned about the potential costs of requiring attestations – or the like – from independent auditors and what those related costs might look like (which plays into the requisite cost-benefit analysis conducted when adopting any federal agency rule)…