Parts Per Billion

ESG Investors Get Big Win With New SEC Climate Rule

Some good news for ESG investors, and even better news for accountants: the Securities and Exchange Commission <a href="https://news.bloombergtax.com/financial-accounting/sec-to-require-companies-to-disclose-pollution-under-new-plan?context=article-related">just unveiled a new proposal</a> that would force public companies to disclose mountains of climate change information.The proposal goes far beyond requiring disclosure of the fossil fuels a company itself uses: It would also have companies report out the carbon footprint of their supply chains and even, in some cases, of the customers who use their products.On today’s On The Merits, our weekly legal news podcast, we hear from Bloomberg News sustainability editor Eric Roston about what’s in this SEC proposal and why, for so-called “green investors,” this has been a long time coming. We also hear from Bloomberg Tax’s Amanda Iacone about why these disclosure rules could be a boon for accountants. After all, someone has to audit all of those new corporate climate statements. Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690. Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Parts Per Billion is Bloomberg Law's environmental policy podcast. We cover everything from air pollution, to toxic chemicals, to corporate sustainability, and climate change. The reporters from our environment desk offer an inside look at what's happening at Congress, in the courts, and at the federal agencies, and help explain the scientific and policy debates shaping environmental laws and regulations. Host: David Schultz