Guidance on SEC climate disclosures, ESG regulations

PwC (Apr 20, 2024) "Guidance on SEC climate disclosures, ESG regulations" summarises the SEC's March 6, 2024 final rules, which significantly expand required climate-related disclosures in SEC filings — covering strategy, governance, risk management, targets and goals, greenhouse-gas emissions, and financial-statement effects. Material Scope 1 and Scope 2 emissions must be disclosed and independently attested; Scope 3 is not required. Phased effective dates mean some entities must adopt most elements as early as 2025. PwC recommends data governance and quality controls, formal policies, and selecting non-financial-data reporting tools with the same rigour as financial reporting. The rules join EU CSRD and California climate disclosure requirements. Direct read-out for SEA mid-market companies with SEC-listed parents or US investors.