The U.S. Securities and Exchange Commission defended its climate disclosure rule this week, telling a federal appeals court that the regulation criticized as environmental falls within the agency’s investor-minded statutory authority.
“Disclosure of information about a company’s business, operations, and financial performance enables investors to better understand the value and risks of an investment and goes to the heart of how investors value securities,” the SEC stated Tuesday in a brief to the U.S. Court of Appeals for the Eighth Circuit.
