After much anticipation, on March 24, 2022, the Securities and Exchange Commission (SEC) proposed a series of new and extensive disclosure rules that would require all registered companies, including foreign private issuers, to include detailed climate-related information in their registration statements and periodic reports, and climate-related financial statement metrics in a note to their audited annual financial statements. Accelerated and large accelerated SEC reporting companies would also be required to engage an independent outside expert to provide an attestation report relating to additional quantitative disclosure on greenhouse gas (GHG) emissions.

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