March 22, 2022 - The Loan Syndications and Trading Association (“LSTA”), the trade association for the corporate loan market in the United States, today made the following statement on new proposed rules by the Securities and Exchange Commission on climate-related corporate disclosure.
“Yesterday, the SEC released its much-anticipated proposed rulemaking on mandating certain climate-related corporate disclosure. The LSTA is reviewing this lengthy proposal and intends to provide comments and engage with the Commission as the SEC works toward finalizing its rulemaking. In response to investor demand, we acknowledge investors’ need for reliable, comparable information regarding climate risks and support the SEC’s work to enable the delivery of this information. We recognize, however, that novel disclosure rulemakings must grapple with many complex, thorny issues and this is especially true for climate-related disclosure. We look forward to working with our members to respond appropriately to the SEC in this endeavor.”
Phone: (347) 774-1125