LAKE MARY, Fla., March 7, 2024 /PRNewswire/ — The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – is currently reviewing the U.S. Securities and Exchange Commission (SEC)’s newly-issued Climate Change Disclosure Rule.
Following publication of the SEC’s draft rule in March 2022, The IIA submitted a comment letter, in which it highlighted the need for effective governance over climate disclosures. The IIA noted the importance of transparency in order to provide confidence to all stakeholders, including the public.
The SEC’s final rule, “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” requires registrants to disclose certain climate-related information in their registration statements and annual reports. The key disclosures include:
- Material Climate-Related Risks: Registrants must disclose risks related to climate change that have significantly impacted or are reasonably likely to impact their business strategy, results of operations, or financial condition.
- Mitigation and Adaptation Activities: Information about activities…
