Climate change is among the hottest current discussion topics in municipal securities disclosure. Regulators in the Office of Municipal Securities of the Securities and Exchange Commission (SEC) have expressed repeated concerns in recent months about the adequacy of municipal offering disclosures relating to climate change. This should not be surprising, given the frequency and expense of major storms—not to mention requirements for corporate registrants to include line-item disclosures on this topic in their SEC filings.

There is widespread inconsistency and a lack of urgency in obligated parties' approaches to climate change risk and adaptation disclosure. We have prepared a white paper to help clients analyze applicable climate change risks and evaluate how best to disclose such risks and their approaches to adaption to mitigate the same.


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