Top US securities regulator proposes a historic climate disclosure rule

How the SEC’s new rules could change corporate accountability in America.

Support strong climate journalism! Donate to Canary Media to celebrate its one-year anniversary.

On The Carbon Copy podcast this week:

Public companies have a legal obligation to report a wide range of information on their financial performance and competitive risks. One area of liability that corporate America had not been required to disclose? Their exposure to climate risk.

But that changed last week when America’s top securities regulator, the Securities and Exchange Commission, released a new proposal that would require companies to disclose their financial vulnerabilities to climate change. 

This move toward greater corporate climate accountability in the U.S. builds on years of momentum. It’s the culmination of voluntary task forces, initiatives and mandatory disclosure regulations passed in other countries. 

This week, we discuss how this historic proposal mandating climate transparency could change corporate America — and how it will face inevitable political and legal backlash.

Guest: Kathleen Brophy, U.S. climate finance senior strategist with The Sunrise Project. 

We want to hear from you! Take our quick survey for a chance to win a $100 Amazon gift card. This will help us bring you more relevant content.

The Carbon Copy is a co-production of Post Script Media and Canary Media.

The Carbon Copy is supported by Nextracker. Nextracker’s technology platform has delivered more than 50 gigawatts of zero-emission solar power plants across the globe. Nextracker is developing a data-driven framework to become the most sustainable solar tracker company in the world — with a focus on a truly transparent supply chain. Visit nextracker.com/sustainability to learn more.