- June 22, 2021
- Posted by: Stratford Team
- Category: Business
WASHINGTON—The Securities and Exchange Commission is preparing to require public companies to disclose more information about how they respond to threats linked to climate change—and businesses are gearing up for a fight.
The SEC’s new chairman, Biden administration appointee
Gary Gensler,
has said climate-related disclosure is a top priority, and President Biden plans to meet Monday with top financial regulators to discuss the issue. The SEC has already sought industry input, much of which arrived last week, for a rule proposal that could be issued by October.
Technology companies such as
Apple Inc.
and
Microsoft Corp.
, which have long touted their efforts to reduce their impact on the environment, say they support the initiative. Energy and transportation companies have told the SEC that climate disclosures could be misunderstood by investors who lack…
