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Chapter 4 — Other Registration Statement Reporting

4.7 Climate-Related Disclosures

4.7 Climate-Related Disclosures

On March 6, 2024, the SEC issued a final rule that requires registrants to provide climate disclosures in their annual reports and registration statements, including IPOs. In the footnotes to the financial statements, registrants must provide information about (1) specified financial statement effects of severe weather events and other natural conditions, (2) certain carbon offsets and renewable energy certificates (RECs), and (3) material impacts on financial estimates and assumptions that are due to severe weather events and other natural conditions or disclosed climate-related targets or transition plans. These disclosures will be subject to existing audit requirements for financial statements.