Christopher Rizzo and Karen Meara, Carter Ledyard & Millburn.
Investors, regulators and environmental advocates are putting increasing pressure on companies, particularly publicly traded ones, to disclose and quantify climate change risks and opportunities. However, despite the heated political rhetoric around environmental, social and governance (ESG), there is a disconnect between what stakeholders are demanding and what the law actually requires in terms of climate disclosures.
That is about to change. This article therefore presents the current state of the law for climate disclosures in select major markets (particularly New York) and likely developments in 2024.
