SEC moves to repeal rule that requires companies to report greenhouse gas emissions and climate risk

The Securities and Exchange Commission (SEC) has proposed repealing a rule that mandates certain public companies to disclose their greenhouse gas emissions and the associated risks from climate change, marking a significant shift in regulatory policy under the Biden administration. This action is part of a broader effort to roll back environmental regulations established during that period.

The repeal of this reporting requirement could lead to decreased transparency regarding corporate contributions to climate change, potentially undermining efforts to address environmental issues and impacting investors' ability to assess climate-related risks in their portfolios.