Acting SEC Chair Alison Lee has invited public comment on revised rules for climate change disclosure, with an eye to issuing a revised set of disclosure rules (replacing the previous set from 2010).  

This announcement follows naturally from prior statements by the SEC (including from Acting Chair Lee), and only re-affirms the commitment by the Biden Administration SEC to revamp disclosure rules to take climate change into account. 

We should expect that the SEC will be proposing new disclosure requirements over the coming months, and this is likely the time to engage with the SEC in order to impact these new disclosure requirements. 

We would also anticipate that these new disclosure requirements, when ultimately implemented, will be the focus of enforcement activity by the SEC in line with the policy priorities of the Biden Administration.