Social Value US responds to the SEC rules on climate-related disclosures

Social Value US have coordinated a member led response to The Securities and Exchange Commission proposed rules to enhance and standardize climate-related disclosures for investors.

In March 2022, The Securities and Exchange Commission proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks. Find out more here.

Social Value US, the US based Social Value Network responded to this through an open letter where they offered support for the rules as proposed, offered further reasons for adoption of the rules and presented specific ways to strengthen them.

Read the open letter from Social Value US here.

Social Value US also collaborated with a range of progressive partners within the US, and signed a second open letter where this collective of partners offered support for the Proposal generally and urged the Commission to move quickly to strengthen this framework and finalize, implement, and enforce disclosure requirements for all registrants.

Read this multi-partner response here.

Influencing legislation regarding climate disclosure, social value accounting, social impact reporting and other non-financial disclosures is a core part of the role that SVI and our associated Networks play. SVI is therefore thrilled to see SVUS taking such a leadership role, and we collectively look forward to learning about the developments of the SEC.

You can find out more about the role that SVI and our global community plays in influencing legislation and transforming accountancy practices on our dedicated campaign page “Transform Accounting, Transform Capitalism”.