Washington - Business Roundtable CEO Joshua Bolten today issued the following statement in response to the final U.S. Securities and Exchange Commission (SEC) “Enhancement and Standardization of Climate-Related Disclosures for Investors” rule:
“Business Roundtable CEOs are committed to combating climate change. The vast majority of our member companies have developed ambitious emissions reduction plans, are making significant progress toward achieving their goals and are leaders in transparent, voluntary climate-related disclosure practices.
“While the SEC appears to have moved away from some of the most troubling provisions in the original proposal, questions remain about several aspects of the final climate disclosure rule. The rule contains multiple, highly complex provisions that have not been subject to notice and comment. Business Roundtable will continue to evaluate the rule to better assess its impact and scope.”