SEC's Climate Disclosure Proposal May Overburden Cos.

On March 21, the U.S. Securities and Exchange Commission proposed rules that would require public companies with periodic reporting obligations and companies filing registration statements to provide granular disclosures regarding greenhouse gas emissions, climate-related risks and impacts, oversight of climate-related risks, climate-related goals and climate-related financial statement metrics.

It is one of the most significant developments in U.S. securities law in recent decades.