SEC Stretches Climate Reporting Rule Comment Period

Story by Todd Neeley, DTN Staff Reporter

LINCOLN, Neb. (DTN) — The Securities Exchange Commission on Monday extended the public-comment period on a proposed rule to require publicly traded companies to report climate efforts.

The rule has raised concerns of more than 100 agriculture interest groups who say farmers and ranchers would face new burdens to report personal and business-related information.

The SEC announced in a news release on Monday it would extend the comment period ending date from May 20 to June 17.

More than 100 agriculture interest groups asked for a 180-day extension in an April 26 letter to the SEC.

The “Enhancement and Standardization of Climate Related Disclosures for Investors” proposed rule has been touted by the SEC as a way to protect investors in publicly traded companies. It would require those companies to report data about their entire supply chain.

Read more of this story from our partners at DTN/Progressive Farmer here: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2022/05/09/sec-stretches-climate-reporting-rule

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