Breaking News: SEC Set To Adopt Climate Disclosure Rules On March 6

The wait is almost over! The SEC has published its Sunshine Act Notice for the open meeting at which its climate disclosure rules will be considered.

Proposed almost two years ago in March 2022, the proposed rules include disclosures relating to the following (see our Alert here):

• Oversight and management of climate risk.
• Impacts of climate-related risks on the registrant's business, financials, strategy, business model and outlook over the short-, medium- and long-terms.
• Processes for identifying, assessing and managing climate-related risks.
• Historical greenhouse gas (GHG) emissions data: Scopes 1 and 2, and in many cases Scope 3. As proposed, third-party assurance of Scope 1 and 2 data would be required, initially limited assurance and then reasonable assurance.