VIEWS: 3 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 7/14/2010
The US Securities and Exchange Commission opened a can of worms with its decision to require companies to consider the effects of climate change when disclosing business risks to investors. It was a can that needed opening, however, in fairness to investors and to the long-term benefit of the companies themselves. It is intended to help the companies understand and satisfy their disclosure obligations under US securities laws and regulations. While collecting more data will have its costs, it will be even more costly for investors and companies to ignore material risks.
SEC Issues Wake-up Call On Climate-Change Disclosure Gordon Platt Global Finance; Mar 2010; 24, 3; Docstoc pg. 10 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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