The Backlash Against the SEC's Climate Disclosure Rule: A Mistake as China Closes the Gap
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The US Securities and Exchange Commission's (SEC) recently adopted climate-related disclosure rule has faced backlash, but experts argue that the opposition is misguided. The new regulations require US companies to release information about climate risks and greenhouse gas emissions. However, American firms already provide more comprehensive climate-related disclosures compared to their Chinese counterparts, giving them a competitive advantage. China, on the other hand, is working to close this gap by implementing climate disclosure requirements that align with global standards. Hong Kong already requires emissions disclosure, and starting in 2025, it will mandate a full suite of climate disclosures. Additionally, China's mainland stock markets are introducing their own climate disclosure ...
#newstr #ClimateDisclosures #Sec #China #Esg #FinancialMarkets