SEC Will Reconsider Climate Risk Disclosure Rule That Helps Protect Americans’ Money

(Washington, D.C. – February 11, 2025) Today, the Securities and Exchange Commission’s Acting Chairman Mark Uyeda publicly criticized the SEC’s climate risk disclosure rule. Uyeda asked the U.S. Court of Appeals for the Eighth Circuit not to schedule arguments in a case challenging it while the SEC reconsiders its position. 

“The SEC’s climate risk disclosure rule provides crucial transparency that will help protect Americans’ hard-earned money as climate disasters become more frequent and more costly,” said Stephanie Jones, Senior Attorney for Environmental Defense Fund. “The climate risk disclosure rule is firmly anchored in the law and in SEC’s longstanding mission, and it is strongly supported by investors, the public, and other key experts.”

The SEC’s climate risk disclosure rule was finalized last March. It is designed to standardize the information public companies disclose to investors about the climate-related financial risks they face.

EDF joined Americans for Financial Reform, Sierra Club, Sierra Club Foundation (represented by Earthjustice), and Natural Resources Defense Council (NRDC) to support the SEC’s climate risk disclosure rule by filing an amicus curiae – or “friend of the court” – brief in the case before the Eighth Circuit.