SEC's Climate Disclosure Mandate Faces Legal Pushback as China Advances

The new SEC rule requiring climate risk disclosures is challenged by lawsuits and criticism, while China moves to enhance its own climate transparency.

• The U.S. Securities and Exchange Commission's new mandate requiring U.S. companies to disclose climate risks and greenhouse gas emissions faces legal challenges from 19 Republican-led states.
• China is making strides to close the gap on climate disclosures, with Hong Kong and mainland stock markets proposing regulations that align with the International Sustainability Standards Board standards.
• Investors value climate risk disclosures, viewing them as crucial for managing corporate bottom lines across sectors affected by climate change.
• Critics argue that the SEC's climate disclosure rule imposes unnecessary regulatory burdens on businesses and stifles innovation through extensive paperwork.
• The debate over the SEC's climate disclosure mandate reflects broader tensions between regulatory efforts to address climate risks and concerns over economic competitiveness and innovation.

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