On July 15, 2024, Governor Gavin Newsom proposed amendments that would, among other things, delay initial reporting deadlines for two of California’s recently enacted climate-related disclosure laws by two years.
Governor Newsom signed the two bills, Climate Corporate Data Accountability Act (California Senate Bill 253 (SB-253)), relating to greenhouse gas (GHG) emissions disclosures, and the…
Webinar | May 14, 2024
12:00 p.m. – 1:00 p.m. ET
Register here.
Please join us via webinar for a panel discussion on the current state of climate change and ESG-related regulations affecting corporate issuers, financial institutions and pension fund investors doing business in Canada and the US. Lawyers from Osler and Mayer Brown will…
The SEC’s new climate regulations have sparked legal and legislative challenges. Both the House and Senate are advancing measures to revoke these rules, reflecting a broader effort to counter what is seen by many as regulatory overreach by the SEC under Chair Gary Gensler’s leadership. Senator Tim Scott (R-S.C.) and Representative Bill Huizenga (R-Mich.) introduced…
The SEC today paused implementation of the climate rules the agency rolled out less than one month ago, in the face of significant legal challenges in numerous federal lawsuits. The rules would impose substantial disclosure mandates on companies, including concerning the costs of extreme weather events, corporate strategies for addressing climate change, corporate governance procedures…
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating from numerous governmental authorities and non-governmental organizations (NGOs) in recent years. Mayer Brown lawyers from around the world produced a White Paper on Global Climate Change Disclosure Initiatives and Board Corporate Governance Considerations…
All across the world, climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations.
At Mayer Brown, I had the honor of leading a group of 21 partners from across 14 of the…
Lawrence A. Cunningham & Bill Hayes
The SEC’s climate disclosure rule will have obvious and enormous impacts on company disclosure teams, including lawyers, accountants, and compliance personnel. What about boards of directors? The Editor of Directors & Boards magazine, Bill Hayes, recently opened that topic with Mayer Brown’s Lawrence Cunningham, who has been closely involved…
April 3, 2024 Webinar
1:00 p.m. – 2:00 p.m. EST
Register here.
After much anticipation, on March 6, 2024, the US Securities and Exchange Commission voted to adopt final rules that require reporting by public companies of climate change-related disclosure. While the final rules differ from the SEC’s controversial proposed rules in significant ways…
The Securities and Exchange Commission adopted (in a 3-2 vote) final rules requiring disclosures about the material impacts of climate-related risks on their business, financial condition, and governance.
These rules had first been proposed in March 2022. The SEC adopted the final rules after considering, over a two-year period, some 4,500 unique comment letters from…
The SEC announced an open meeting for March 6, 2024 to vote and consider adoption of final climate-related disclosure requirements for public companies. This comes after nearly two years since the SEC first proposed its controversial rules. Based on public statements from SEC representatives, it appears that the SEC will consider rules that do not…
