SEC California CSRD Climate Disclosure Requirements Comparison Tool

This document is a client advisory that outlines the comparison of climate disclosure requirements set forth by the U.S. Securities and Exchange Commission (SEC), California climate laws, and the European Union’s Corporate Sustainability Reporting Directive (CSRD). It describes the implications of the SEC's stay on its climate disclosure rules and the need for companies to reassess their compliance timelines and internal processes. The advisory details the distinctions between various sustainability disclosure frameworks and emphasizes the importance of tailored reporting mechanisms. It also presents a tool to assist companies in determining their applicability under these frameworks, including compliance dates and disclosure channels. The document includes tables summarizing the disclosure requirements based on company type and outlines the circumstances that trigger required disclosures. Additionally, it highlights the complexities arising from different countries advancing their own reporting frameworks and the potential impact of the Corporate Sustainability Due Diligence Directive (CSDDD).