Good morning. The CFO’s office plays a vital role in compliance with the U.S. Securities and Exchange Commission’s (SEC) mandate to standardize climate-risk disclosures. Under the rules, public companies are required to report climate risks that may have a material impact on business strategy, results of operation, or financial condition—for now at least. But under the incoming administration, many anticipate the SEC will rescind or decline to enforce these disclosure rules.
The current SEC Chair Gary Gensler, who introduced the climate disclosure mandates, will step down on Jan. 20. He is expected to be succeeded by President-elect Donald Trump's nominee, Paul Atkins, who is a veteran regulator with a libertarian outlet, Fortune reported.
