Securities and Capital Markets
On March 21, 2022, the SEC proposed
landmark rules regarding climate-related disclosures that would, if
finalized, impact both domestic and foreign private issuers that
are subject to the reporting requirements of the Securities
Exchange Act of 1934. The much-anticipated proposal will elicit
discussion regarding the type, amount, and materiality of certain
climate-related information that a company could be required to
report. The proposal also highlights the significant shift in
market expectations globally regarding a company's oversight
of evolving climate-related risks and opportunities. The SEC also
published a fact
sheet describing the proposed new disclosure requirements,
which includes a matrix outlining the proposed phase-in periods and
accommodations for the new disclosures. The timing and scope of
final rules remains uncertain, but the earliest that certain large
accelerated companies would need to comply with the proposed
