03/25/2024 | News release | Distributed by Public on 03/25/2024 05:06
The Securities and Exchange Commission recently adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules represent a significant overhaul of existing disclosure requirements, and they expand the reporting obligations for public companies.
With that in mind, AEM is pleased to offer a special Member Education Webinarto help prepare for the rules to go into effect, featuring Pickering Energy Partners Consulting Partner Dan Romito, BDO Advisory Managing Parter Holly Carr, BDO Advisor Assurance Hub leader Alex Garside, and AEM Senior Vice President Curt Blades. Scheduled for Thursday, March 28 from 1 p.m. to 2 p.m. CST, "What's Next - Understanding and Preparing for the Securities and Exchange Commission Climate Disclosure Requirement"will:
While portions of the SEC's final climate disclosure rules were scaled back compared to proposed ones, they do require public companies to disclose, among other things:
In addition, to facilitate investors' assessment of certain climate-related risks, the final rules require disclosure of Scope 1 and/or Scope 2 greenhouse gas (GHG) emissions on a phased-in basis by certain larger registrants when those emissions are material. In addition, they require the filing of an attestation report covering the required disclosure of such registrants' Scope 1 and/or Scope 2 emissions, also on a phased-in basis; as well as disclosure of the financial statement effects of severe weather events and other natural conditions including, for example, costs, and losses.
The SEC's final rules include a phased-in compliance period for all public companies, with the compliance date dependent on their respective filer status and the content of the disclosure. For more information on the SEC's new requirement, contact AEM's Curt Blades at [email protected]or AEM's Al Melhim at [email protected].
AEM members have exclusive access to help them stay on top of emerging issues and trends via member education webinars. Experts break down industry issues and pinpoint critical changes in the landscape to help attendees refine their company's strategy.
For more information on the upcoming series of member education webinars, contact your Account Success Advisor.
Subscribe to the AEM Industry Advisorfor more AEM news and updates.