Ceres has just released its new guide: Disclosing Climate Risks & Opportunities in SEC filings.
Co-authored by Jim Coburn, Sean H. Donahue and Suriya Jayanti, the 40 page report sheds light on:
- The new SEC guidance around reporting of climate change
- Risks and opportunities
- Determining materiality
and provides specific guidance to help companies improve their public filings. The three primary areas of focus are:
(1) an overview of recent developments in climate disclosure, particularly the SEC’s interpretive guidance on climate risk disclosure issued in 2010;
(2) investor expectations concerning key categories of climate disclosure, including specific company examples from recentsecurities filings; and
(3) an 11-point checklist to help companies improve the qualityof their disclosure and position themselves to respond more effectively.
According to Ceres,
The report comes one year after the Securities and Exchange Commission (SEC) issued formal interpretive guidance for companies on climate-related information they should be disclosing to investors. It also comes on the heels of the new Mercer Climate Change Report warning that climate change risks, including new regulations, extreme weather events and other impacts, could increase investment portfolio risk by 10 percent over the next 20 years.
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