Materiality or Deregulation? The Future of Climate-Risk Disclosure Under Federal Securities Law
Photo by Micheile Hendereson on Unsplash Federal securities law has long required publicly traded companies to disclose information that investors need to make informed decisions. Determining what information belongs in those disclosures, however, has become increasingly contentious as climate change creates new financial risks for American businesses. Companies must concern themselves with rising insurance costs, extreme weather events, changing energy markets, and the transition toward a...