United States Ceres has submitted a public comment letter urging the U.S. Securities and Exchange Commission to drop its proposal to let public companies report financial results semiannually rather than quarterly. Ceres argues that reducing reporting frequency would give investors less timely information on company performance and risks, including climate-related financial impacts, and would weaken mandatory periodic disclosure for companies that stop filing quarterly reports. The letter points to examples of companies already reporting material climate- and weather-related financial effects in quarterly filings, including dollar impacts tied to wildfires, hurricanes and other extreme weather events. Ceres also argues that semiannual reporting would widen the information gap between companies and insiders and public investors, increasing trading costs, reducing market efficiency and raising companies' cost of capital. Separately, Ceres joined a coalition of investor, labor and public interest groups calling on the SEC to retain mandatory quarterly reporting. As of the submission date, the SEC had received more than 59,000 public comments on the proposal, with most opposing it.
Ceres2026-07-06
United States Ceres urges SEC to withdraw proposal to allow semiannual instead of quarterly reporting
United States Ceres urged the U.S. Securities and Exchange Commission to withdraw its proposal to let public companies switch from quarterly to semiannual reporting. It argues the change would reduce timely disclosure of financial and climate-related impacts, including material losses from extreme weather. Ceres also joined a broader coalition seeking to preserve mandatory quarterly reporting.