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Nov 26, 2024 | 
jdsupra.com | Marc S. Gerber |Jeongu Gim |Caroline Kim
In collaboration with [co-author: Randi Val Morrison]I. IntroductionEarlier this year, the Securities and Exchange Commission (SEC) adopted long-anticipated rules mandating climate-related disclosures in public companies’ annual reports and registration statements (SEC Climate Rules).1 While the new rules subject many disclosure requirements to a materiality standard, they nevertheless mandate significant climate-related disclosures and disclosure-related determinations for companies.
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May 20, 2024 | 
jdsupra.com | Raquel Fox |Marc S. Gerber |Jeongu Gim
Key Points Even though the Securities and Exchange Commission’s (SEC’s) climate-related disclosure rules are on hold while court challenges are heard, companies need to prepare for the possibility that some or all parts of the rules will come into effect.
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May 15, 2024 | 
today.westlaw.com | Raquel Fox |Marc S. Gerber |Caroline Kim |Jeongu Gim
Although the SEC's final climate rules were meaningfully scaled back from the commission's original proposal, they nevertheless add potentially extensive climate-related disclosure requirements. Required information includes:•Baseline climate disclosures, including material climate-related risks, strategy, targets/goals and governance.
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May 2, 2024 | 
lexology.com | Brian V. Breheny |Raquel Fox |Andrew Brady |Ryan Adams |Caroline Kim |James Rapp | +5 more
Conflict minerals disclosures on Forms SD are required to be filed with the Securities and Exchange Commission (SEC) no later than May 31, 2024. The conflict minerals disclosure rules and related guidance have remained at a practical standstill for the past few years following legal challenges to the rules and a remand to the SEC for further action.
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Dec 12, 2023 | 
lexology.com | Brian V. Breheny |Raquel Fox |Page Griffin |Shalom Huber |Regina Olshan |Joseph Penko | +17 more
To view this article you need a PDF viewer such as Adobe Reader. If you can't read this PDF, you can view its text here. Go back to the PDF. USADecember 12 202312 / 12 / 23 © Skadden, Arps, Slate, Meagher & Flom LLP. All rights reserved.
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Sep 26, 2023 | 
lexology.com | Brian V. Breheny |Raquel Fox |Andrew Brady |Ryan Adams |Caroline Kim |James Rapp | +5 more
In September 2023, the California Legislature passed Senate Bill 253, Climate Corporate Data Accountability Act (SB 253) and Senate Bill 261, Greenhouse Gases: Climate-Related Financial Risk (SB 261). California Gov. Gavin Newsom has announced he intends to sign the bills into law. The bills would require companies with significant revenues doing business in California to publicly disclose greenhouse gas (GHG) emissions data and climate-related financial risk reports.
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Sep 23, 2023 | 
corpgov.law.harvard.edu | Raquel Fox |Simon Toms |Jeongu Gim
CSRD, ESG, EU, SECMore from: Jeongu Gim, Raquel Fox, Simon Toms, SkaddenRaquel Fox and Simon Toms are Partners and Jeongu Gim is an associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Ms. Fox, Mr. Toms, Mr. Gim and Tansy Woan. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here) by Lucian A.
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Sep 6, 2023 | 
today.westlaw.com | Raquel Fox |Simon Toms |Jeongu Gim
(October 11, 2023) - Raquel Fox, Simon Toms, Tansy Woan and Jeong Gim of Skadden, Arps, Slate, Meagher & Flom LLP discuss the European Union's new environmental, social and governance disclosure requirements and their implications for multinational companies. •The EU's comprehensive new ESG disclosure requirements will force many multinationals with operations in Europe to decide how much information to disclose where, and to take measures to ensure their disclosures are consistent.
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Jul 19, 2023 | 
jdsupra.com | Raquel Fox |Jeongu Gim |Adam Howard
Key Points In light of recent high-profile corporate and accounting scandals, UK regulators are proposing the introduction of a new “SOX-Lite” regime, based on the US Sarbanes-Oxley Act of 2002 (SOX), with the aim of creating greater accountability in corporate financial systems and reporting. The UK is also instituting related reforms intended to improve corporate transparency and accountability.
