The SEC’s Attempt To Write Generally Accepted Climate Principles- Part II

The SEC’s Attempt To Write Generally Accepted Climate Principles- Part II

"Shoot for the moon. Even if you miss, you'll land among the stars" In this piece, I cover the implications of the new SEC's proposed climate rules for auditors, standard setters and financial reporting (in part 2). I ask whether the SEC is trying to standardize disclosure of inherently idiosyncratic tools to decarbonize, could the SEC have asked more of the Big 4, why we do not see as much investor based support for financial reporting rules, will the climate rules go the way of the conflict minerals rule, will the ISSB then become the de facto standard setter for U. S. companies, what does materiality mean in this context and a few other curiosities. Special Pushpin with the text co2 pined on a timeline in front of the year 2050. Concept of climate ... [+] plan and carbon dioxide reduction. 5. 1 Are we trying to standardize the un-standardizable? My colleagues and I just finished coding the various strategies that companies in the oil and gas arena use to get to their net zero target. The range of responses and granularity that one can drill down to is amazing. For instance, different companies have different base line years on