In March 2024, the U.S. Securities and Exchange Commission adopted new rules regarding climate-related disclosures for investors. (Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors.)

Although the SEC’s final rules have been stayed due to pending litigation, many companies that would otherwise be required to comply are nevertheless moving forward toward operationalizing and implementing them. These same companies are also in the process of addressing similar sustainability related disclosure regulations and guidance from other jurisdictions.  

At the same time, across the corporate reporting ecosystem, voices have raised concerns about the present-day quality of sustainability-related information and external disclosures.  To follow through on sustainable business activities and operationalize and implement these new reporting mandates, companies and their consultants are looking to the COSO’s Achieving Effective Internal Control Over Sustainability Reporting (ICSR) publication.  The expressed purpose of ICSR is to build transparency, accountability, and trust in sustainability-related information for decision-making.

To find out more about how COSO control framework can help you implement the SEC climate change rules, please fill out the form on the right to download a copy.