Skip to content

Nasdaq Urges SEC Not to Move Ahead with Climate Disclosure Plan

  • Mandatory reporting would end up costing investors, firm says
  • SEC proposed making businesses reveal climate-change risks

Nasdaq Inc. is pushing back against the US Securities and Exchange Commission’s plans to make publicly traded companies reveal detailed information about their greenhouse gas pollution.

The stock-exchange operator urged the SEC to shelve its plans to require businesses to outline risks that a warming planet poses to operations in registration statements, annual reports or other documents. The mandatory disclosures that the agency proposed in March would place undue burdens on companies and ultimately cost investors, Nasdaq said on Wednesday.