SEC Proposes Rescission of Climate Disclosure Rule

The SEC has released a proposal that would rescind its March 2024 final rule on climate disclosures. The final rule would have mandated “highly specific and granular disclosure from virtually all public companies about climate-related matters such as greenhouse gas emissions, management of climate-related risks, and the financial statement effects of severe weather events.”

The Commission had decided to end its defense of the final rule (on March 27, 2025) after previously staying its effectiveness (on April 4, 2024) pending the resolution of legal challenges.

For more information, see the press release and fact sheet — as well as the statements by SEC Chairman Paul Atkins and SEC Commissioner Mark Uyeda — on the SEC’s Web site.