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On March 21, the SEC proposed new rules that would significantly increase required disclosures about climate-related risks that are reasonably likely to have a material impact on a company’s business or consolidated financial statements. In voting in favor of issuing the proposal, SEC Chair Gary Gensler highlighted the extent of investor demand for enhanced disclosure in this area. He noted that “the SEC has a role to play when there’s this level of demand for consistent and comparable information that may affect financial performance.”
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