In late 2023, California enacted “first-of-its-kind” climate-related disclosure laws, addressing disclosures on greenhouse gas emissions and climate-related financial risks as well as disclosures aimed at increasing transparency and accountability around certain climate-related claims and use of voluntary carbon offsets. In this Legal Update, we provide a high-level refresher of the requirements of (and recent updates

In January, Securities and Exchange Commission Commissioner Hester Peirce discussed her desire to reevaluate the SEC’s shareholder proposal process, suggesting that the SEC do “a better job protecting investors from having their resources diverted to deal with shareholder proposals that are not aimed at maximizing corporate value.”  Commissioner Peirce pointed out that the number of

Webinar | Wednesday, December 11, 2024
1:00 p.m. – 2:00 p.m. EST
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Join experts from Mayer Brown and Georgeson as they discuss key issues companies should consider while preparing for the 2025 proxy and annual report season during this time of regulatory uncertainty. Topics will include new and evolving disclosure requirements, as

On November 13, 2024, at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, panelists shared key updates from this year’s proxy season and highlighted emerging trends to watch in 2025.  Public companies experienced favorable voting outcomes across compensation, activism, shareholder proposals, and director elections in 2024. 

Activism and the Impact of the Universal

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

In recent public comments, SEC Commissioner Hester Peirce shared her personal concerns regarding the “fuzziness around what ESG means.” The Commissioner noted that often market participants emphasize the importance of ESG; however, they may not articulate their particular areas of focus. She notes that ESG may encompass a broad range of issues, including, but not

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