By Jerry J. Burgdoerfer, Gabrielle Sigel, William L. Tolbert, Jr., Elaine Wolff, Lee E. Dionne
At an open meeting held January 27, 2010, the Securities and Exchange Commission voted to issue an interpretive release (the “Release”) to provide guidance on existing climate change disclosure obligations. Specifically, the Commission’s discussion identified four categories of information about climate change that companies should consider disclosing:
- the impact of legislation and regulation;
- the impact of international accords;
- the indirect consequences of regulation or business trends; and
- the physical impacts of climate change.