Intelligence Update
Should operators continue to prepare for climate risk reporting?
The US Security and Exchange Commission (SEC) has announced that it will not require public companies to disclose exposure to climate risks, including their greenhouse gas (GHG) emissions. At the same time, the European Commission is revising climate reporting rules within the EU, notably the Corporate Sustainability Reporting Directive (CSRD).
These moves, applying to international operators registered in the US and EU indicate a reduction in formal requirements for climate risk reporting. However, operators should not backtrack on sustainability reporting.
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