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Jan 29, 2010

SEC Votes to Issue Interpretive Guidance on Climate Change Disclosure

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At an open meeting on Wednesday January 27, the U.S. Securities and Exchange Commission voted to issue interpretive guidance concerning climate change-related disclosure by SEC-reporting companies. While the SEC has not yet published the guidance, the agency laid out the principal areas that companies will need to consider when evaluating whether business or legal developments related to climate change could have a material impact on their business. The SEC stressed that its climate change disclosure guidance will not change existing SEC disclosure requirements, nor is it intended to change long-standing interpretations of materiality. Nonetheless, the mere fact that the SEC is issuing guidance indicates that climate change disclosure is a growing area of focus for the SEC and an area where many companies may need to expand their disclosure.

Click here to view memo, SEC Votes to Issue Interpretive Guidance on Climate Change Disclosure

Authors and Contributors

Patricia Hammes

Partner

Project Development & Finance

+1 202 508 8110

+1 202 508 8110

Washington DC

Mehran Massih

Counsel

Real Estate

+44 20 7655 5603

+44 20 7655 5603

London

Jason Pratt

Counsel

Real Estate

+1 212 848 5449

+1 212 848 5449

New York