Ceres issued a statement criticising the U.S. Securities and Exchange Commission’s request to delay scheduling oral arguments in litigation challenging the federal climate disclosure rule, arguing that the move amounts to the SEC walking away from defending its own rule and undermining its investor-protection mission. Ceres Managing Director Steven M. Rothstein said investors have long called for clearer, consistent and decision-useful disclosure of companies’ exposure to climate-related risks, and pointed to accelerating physical climate risks as underscoring the need for transparency. Ceres characterised the climate disclosure rule adopted in March as a major change to the U.S. climate-related disclosure landscape and noted it followed 24,000 public comments; the rule would require publicly traded companies to disclose how material climate-related risks affect financial and operational performance and how climate action is integrated into strategy and governance.
Ceres 2025-02-11
US's Ceres criticises US Securities and Exchange Commission request to delay oral arguments on federal climate disclosure rule litigation
Ceres criticized the U.S. Securities and Exchange Commission (SEC) for delaying oral arguments in litigation over the federal climate disclosure rule, suggesting it undermines the SEC's investor-protection mission. Ceres emphasized the importance of transparency due to accelerating climate risks and highlighted the rule's significance in the U.S. disclosure landscape, requiring companies to disclose material climate-related risks.