Attorney General Josh Kaul has joined a coalition of 19 states in support of the Securities and Exchange Commission’s (SEC) climate disclosure rules. These rules, which were recently published, mandate that public companies disclose climate-related risks that could significantly impact their business operations.
In a statement, Attorney General Kaul emphasized the importance of transparency, stating, "Publicly listed companies should be transparent about their climate-related costs and risks." He highlighted the significance of the rules in ensuring that companies provide consistent, comparable, and reliable climate-related disclosures to the public.
The SEC's climate disclosure rules aim to address the risks that climate change poses to financial markets and investment portfolios. By requiring large public companies to report on greenhouse gas emissions and other climate-related factors, investors can make more informed decisions regarding their investments.
Attorney General Kaul is part of a multi-state coalition that includes states like Arizona, Colorado, Connecticut, and New York, among others, who are collectively advocating for the defense of these important climate disclosure rules.