SEC Issues Voluntary Stay as Litigation Over Climate Rules Pends
Sourcing Journal spoke to ESG Co-chair Jacob Hupart on the SEC’s recent decision to issue a voluntary stay on its climate disclosure rule as litigation pends.
Jacob commented, “This stay only applies to the rules the SEC issued in 2024. The SEC had previously issued guidance on climate issues back in 2010, and that is expressly excluded from the stay. So, to the extent a company determined that it needed to report something to the SEC based on the 2010 climate guidance, that obligation remains in effect.”
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