Michigan has joined a coalition of 19 attorneys general filing a motion to intervene in a lawsuit, Iowa v. SEC (USCOA Docket No. 24-1522), before the 8th Circuit U.S. Court of Appeals, to defend the U.S. Securities and Exchange Commission's "final rule" on climate-related disclosures for investors. The rule says certain companies must also disclose direct and indirect greenhouse-gas emissions from purchased or acquired electricity, steam, heat, or cooling.
Image: Mohamed_hassan via pixabay
The Final Rule requires, in part, publicly registered companies to describe:
- Climate-related risks that materially impacted the company or are likely to do so in the future and the effect on the company's strategy, operations, and financial condition.
- Information related to any processes or strategies used to mitigate or evaluate material climate-related risks
- The board of directors' oversight of climate-related risks.
The coalition includes Arizona, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Minnesota, Nevada, New Mexico, New York, Oregon, Rhode Island, Vermont, Washington, and Wisconsin.
Showing 1 reaction
Sign in with