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On March 6, 2024, the Securities and Exchange Commission (SEC or the Commission) finalized its long-awaited climate disclosure rules on a party-line 3-2 vote. We previously provided a summary of the content of that final rule. As noted in that summary, the SEC rules were promptly challenged, and those judicial actions have been consolidated into a multi-district litigation in the Eighth Circuit Court of Appeals.
On March 6, 2024, the Securities and Exchange Commission (SEC) finalized its long-awaited climate disclosure rules on a party-line 3-2 vote. The new rules have been significantly watered down from the SEC’s March 21, 2022 proposal,1 but when implemented would still impose significant disclosure requirements on publicly traded companies.
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