On March 27, the Securities and Exchange Commission (SEC) voted to end its defense of legal challenges against its climate disclosure rules. The SEC’s rules would have required companies to disclose greenhouse-gas emissions, which Acting SEC Chair Mark Uyeda stated were unnecessary and costly.
In 2024, SFA successfully advocated on behalf of issuers of asset-backed securities to be scoped out of the final SEC climate disclosure rulemakings. Please see SFA’s 2022 comment letter and 2023 ESG best practices for Auto ABS and RMBS disclosures.