SEC Climate-Related Disclosures – Overview
Author: Kelen Camehl
| CPE Credit: |
1 hour for CPAs |
On March 6, 2024, the SEC released its long-awaited final rules with respect to climate-related disclosures for public companies. These rules reflected the SEC’s attempt at responding to investors’ demand for more information about climate-related risks while also balancing the costs of implementing the disclosure requirements. This course provides brief overview of the climate-related disclosure requirements along with information about when public companies must start including these disclosures in their respective filings.
Publication Date: April 2024
Topics Covered
- Climate-Related Disclosure Resources
- Why Were These Disclosures Needed
- Summary of Climate-Related Disclosures
- Climate-Related Risks
- Actual & Potential Impacts of Climate-Related Risks
- Description of Expenditures from Mitigation/Adaptation Activities
- Transition Plans, Scenario Analysis, & Internal Carbon Prices
- BOD Oversight of Climate-Related Risks
- Risk Management Process
- Targets and Goals
- Scope 1 & Scope 2 GHG Emissions
- Attestation Over GHG Emissions Disclosures
Learning Objectives
- Recognize how the SEC climate-related disclosures have evolved
- Identify types of climate related risks
- Recognize qualitative and quantitative climate-related disclosures
- Identify assurance requirements and compliance dates for different types of entities
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour)
Program Prerequisites
None
Advance Preparation
None
