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ARTICLE · 27 MARCH 2024

For What It's Earth: Issue 44: March 20, 2024

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The Sierra Club added to the string of legal challenges to the US Securities and Exchange Commission's climate disclosure rule on March 13, 2024.

United StatesEnvironment
Steptoe LLP
Steptoe LLP

Litigation

The Sierra Club added to the string of legal challenges to the US Securities and Exchange Commission's climate disclosure rule on March 13, 2024. The suit, filed in the US Court of Appeals for the District of Columbia Circuit, argues that the SEC rule should have required additional emissions disclosure, as originally proposed. The environmental group's claims are unique among the other challenges to the SEC rule, which are expected to challenge the agency's authority to require climate disclosures.

Standards

On March 15, 2024, the EU Member States finally gave their green light on a watered-down version of the Corporate Sustainability Due Diligence Directive. Among others, the final text considerably reduces the scope of companies that would be subject to the Directive's due diligence requirements. The text was approved on March 19, 2024 by the European Parliament's Legal Affairs Committee and it is now pending final approval by MEPs in a plenary

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