Under the rule proposals, companies would be required to share information about their greenhouse gas emissions as well as climate-related risks faced by their businesses.
Vice President Harris looks at a hyperwall during a climate change discussion at the Goddard Space Flight Center in Greenbelt, Md., on Nov. 5 , 2021. The SEC unveiled new proposals on Monday requiring companies to disclose climate-related risks.
Though some companies such as Apple have voluntarily reported climate-related information, until now there have not been any standardized requirements imposed by the SEC. Companies would need to disclose potential risks to their operations from climate-related events such as having operations in an area facing the risk of rising sea levels.
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