GAO Report Reviews SEC Actions on Climate Disclosure
Feb 28, 2018
In February 2018, the United States Government Accountability Office (GAO) issued the report "Climate-Related Risks: SEC Has Taken Steps to Clarify Disclosure Requirements", which reviews the steps that the SEC has taken to clarify climate-related risk disclosure requirements, the SEC’s climate disclosure review process and the constraints the SEC faces in that process. The report also assessed stakeholder views of climate-related risk disclosures.
The GAO says that the biggest constraint that the SEC faces in reviewing the adequacy of climate-related disclosure is its dependence on self-reporting.
The GAO also found that, not surprisingly, companies think they’re doing enough in terms of climate-related risk disclosure. But while some investor groups push for more, the GAO says there’s not a clear consensus on how big a priority this should be.
Review the full report on the GAO's website.
