• SEC Votes to Issue Interpretive Guidance on Climate Change Disclosure
  • February 9, 2010
  • Law Firm: Shearman & Sterling LLP - New York Office
  • At an open meeting on Wednesday January 27, the U.S. Securities and Exchange Commission (“SEC”) voted to issue interpretive guidance concerning climate change-related disclosure by SEC-reporting companies...The SEC stressed that its climate change disclosure guidance will not change existing SEC disclosure requirements, nor is it intended to change long-standing interpretations of materiality. Nonetheless, the mere fact that the SEC is issuing guidance indicates that climate change disclosure is a growing area of focus for the SEC and an area where many companies may need to expand their disclosure.