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Opalesque Geneva:

The U.S. Securities and Exchange Commission (SEC) proposed long-awaited rule changes on Monday that would require listed companies to supply certain climate-related disclosures to their investors and the government.

The disclosures would include information about climate-related risks that may have a material impact on their business.

They would also include certain climate-related financial statement metrics, and a disclosure of greenhouse gas emissions.

"I am pleased to support today's proposal because, if adopted, it would provide investors with consistent, comparable, and decision-useful information for making their investment decisions, and it would provide consistent and clear reporting obligations for issuers," said SEC Chair Gary Gensler.

"Our core bargain from the 1930s is that investors get to decide which risks to take, as long as public companies provide full and fair disclosure and are truthful in those disclosures. Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions. Today's proposal would help issuers more efficiently and effectively disclose these risks and meet investor demand, as many issuers alread......................

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