SEC Comes Clean on Climate Disclosures

New guidance from the US Securities and Exchange Commission (SEC) will prompt companies to reexamine how they explain the effects of climate change on their business in regulatory filings. The clarification from the regulator arrives just as companies with a calendar year-end are putting together their 10-Ks. Investor groups have been critical of companies for their lack of candor about climate-change risk, and of the SEC for allowing them to get away with it. (Read the SEC Press Release and the article SEC Comes Clean on Climate Disclosures at CFO.com.)