Around the world, whistleblowers are key to protecting the environment, a fact that whistleblower advocates highlight each Earth Day. According to the National Whistleblower Center, the U.S. Securities and Exchange Commission (SEC) could further empower whistleblowers to help fight the climate crisis by enacting climate disclosure rules which were proposed last year.
In March 2022, the SEC proposed rule changes that would require publicly traded companies to make certain climate-related disclosures, including information about climate-related risks.
According to the SEC, under the proposed rule changes registered entities would be required to disclose information about:
“(1) the registrant’s governance of climate-related risks and relevant risk management processes;
(2) how any climate-related risks identified by the registrant have had or are likely to have a material impact on its business and consolidated financial statements, which may manifest over the short-, medium-, or long-term;
(3) how any identified climate-related risks have affected or are likely to affect the registrant’s strategy, business model, and outlook; and
(4) the impact of climate-related events (severe weather events and other natural conditions) and transition activities on the line items of a registrant’s consolidated financial statements, as well as on the financial estimates and assumptions used in the financial statement.”
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