WASHINGTON — Supporters and opponents of climate-related financial risk disclosure made a last push to influence the Securities and Exchange Commission as the agency works on finalizing its controversial rule, a process that could take months.
Companies, industry associations and lawmakers sprinted to make their case in letters to the agency by Nov. 1, the new deadline after the SEC reopened this and several other rule-makings following a technical glitch that caused some comments to go unrecorded.
Businesses and organizations that have embraced environmental, social and governance issues told the agency that the rule would provide much-needed transparency and standardization around companies’ material climate risks.
