Climate Week
2021 | Climate
Conference | Climate
Change Conferences | Global
Warming Meetings
International Climate
Change Law and Policy will discuss a range of controversial debates, reflecting
the highly politicised nature of international Climate Change Law. With a
growing consensus that climate change poses acute risks to the global economy,
companies increasingly disclose their climate-related risks to investors.
However, such climate risk disclosures lack uniformity, complicating many
investors’ ability to accurately compare and ascertain these risks. A decade
ago, the Securities and Exchange Commission promulgated interpretative guidance
in this area, but no meaningful change resulted. In response, some members of
Congress have introduced the Climate Risk Disclosure Act, which seeks to
mandate and stipulate the content of climate risk disclosures. This Comment
examines the proposed legislation and offers recommendations for alternatives
that consider the agency’s definition of materiality and its current rulemaking
trends.