SEC Boosts Climate Disclosure Scrutiny Before Reporting Mandate

The SEC is pressing companies on their voluntary climate change disclosures as it moves closer to mandating corporate reporting on greenhouse gas emissions and climate risks.

The Securities and Exchange Commission asked subsidiaries of Morgan Stanley, Verizon Communications Inc., Ford Motor Co., Nissan Motor Co. Ltd., and Toyota Motor Corp. to report any risks they faced from climate change in 2021 or better describe them, according to a Bloomberg Law review of agency letters to companies.

The SEC targeted registration statements that the subsidiaries submitted to the agency to raise money.

The frequency of the SEC ...