Survey: Firms early to prep for SEC’s climate-related disclosure rule

More than 70 percent of respondents to a survey from Compliance Week and advisory, tax, and assurance firm CohnReznick LLP said their companies were already preparing to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission (SEC).

The survey, conducted from late April until early June, received 248 responses from compliance and audit professionals representing a wide variety of public and private firms. Respondents overwhelmingly indicated they have enterprise-wide support within their organization to comply with the proposed rule, with only 7 percent saying they either disagree or strongly disagree with that statement.

In March, the SEC proposed its climate-related disclosure rule, a sweeping potential mandate that would force all public companies to quantify, measure, and disclose their effect on the environment.