• SEC Issues Interpretive Guidance Concerning Climate Change Disclosure
  • March 3, 2010
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson LLP - New York Office
  • On February 2, 2010, the U.S. Securities and Exchange Commission (“SEC”) published an interpretive release to provide guidance to public companies on the application of existing SEC disclosure requirements to climate change matters (the “Climate Change Guidance”). The Climate Change Guidance responds to heightened public awareness of climate change issues and calls from certain sectors of the investment community for either guidance on the application of existing SEC rules or the issuance of new rules mandating increased climate change disclosure. In a press release that preceded the issuance of the Climate Change Guidance, the SEC emphasized that the interpretive guidance does not create new legal requirements or modify existing ones, but is intended to provide clarity and consistency in the application of existing disclosure requirements.