SEC commissioner sees tough decision on climate disclosure rule

Mark Uyeda to talk with Japanese regulators about boosting investor confidence

20231115N SEC Uyeda

Commissioner Mark Uyeda of the Securities and Exchange Commission said the U.S. agency will weigh the costs of climate risk disclosure against the benefits to investors. (Photo by Tamayo Muto)

YUMIKO OSHIMA and TAMAYO MUTO, Nikkei staff writers

TOKYO -- The U.S. Securities and Exchange Commission faces "a difficult and challenging decision" on proposed rules for climate risk disclosures, Commissioner Mark Uyeda said Wednesday, as the process takes longer than first expected.

Regarding the climate information, the securities regulator will weigh "the trade off between the costs of what we're going to propose to collect and publish... versus the benefits to investors and to the market as a whole," Uyeda said in an interview here.

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