News & Events

Leah Malone, Head of Simpson Thacher’s ESG and Sustainability Practice, was quoted in articles by Reuters, Compliance Week and Law360, which discussed the SEC’s recent vote to adopt its final climate disclosure rules. Leah told Reuters that while the final rules reduced the burden on companies to disclose emissions, they require information that will give investors an "important window" into companies' approach to climate risk. She went on to note to Compliance Week that the final rule package “goes to great lengths” to clarify that only risks considered material would need to be disclosed, but that most 10-Ks don’t currently report information on climate-related risks that are material to companies’ financial conditions. When discussing with Law360 how the SEC, California and EU climate disclosure frameworks may interact, she observed that there is a degree of uncertainty in how the three reporting regimes will mesh, since other implementing regulations are not fully in place and the reporting regimes do not currently have any substituted compliance.

To read the Reuters article, please click here.

To read the Compliance Week article, please click here (subscription required).

To read the Law360 article, please click here (subscription required).