CAQ S&P 500 10-K analysis

  • CAQ Image

Oct 27, 2022

In October 2022, the Center for Audit Quality (CAQ) released an analysis of S&P 500 companies' 10-Ks to understand their SEC filing disclosures regarding climate-related information, greenhouse gas emissions, and net-zero and carbon neutral commitments.

The CAQ looked at the most recent SEC Form 10-K for S&P 500 companies as of June 2022.

They analyzed 10-Ks from S&P 500 companies to understand what companies disclosed in their SEC filing about:

  • Climate-related information (e.g., mention of climate change)
  • Greenhouse gas emissions (Scope 1, 2, and 3)
  • Net-zero and carbon neutral commitment

This analysis was solely focused on information disclosed in an S&P 500 company’s SEC Form 10-K, and does not contemplate climate-related information communicated by companies in information outside of their SEC Form 10-K.

CAQ observed that the majority of S&P 500 companies mention climate-related information in their 10-K.

  • The number of S&P 500 companies mentioning climate-related information in their 10-K increased roughly 18% from a similar analysis of 2020 10-Ks.
  • There were a little over 40 S&P 500 companies that did not mention climate-related information at all in their 10-K.

Review the analysis on the CAQ's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.