Overview

• The U.S. Securities and Exchange Commission's new mandate requiring U.S. companies to disclose climate risks and greenhouse gas emissions faces legal challenges from 19 Republican-led states.
• China is making strides to close the gap on climate disclosures, with Hong Kong and mainland stock markets proposing regulations that align with the International Sustainability Standards Board standards.
• Investors value climate risk disclosures, viewing them as crucial for managing corporate bottom lines across sectors affected by climate change.
• Critics argue that the SEC's climate disclosure rule imposes unnecessary regulatory burdens on businesses and stifles innovation through extensive paperwork.
• The debate over the SEC's climate disclosure mandate reflects broader tensions between regulatory efforts to address climate risks and concerns over economic competitiveness and innovation.