Risk and Regulatory Outlook 2022

The SEC’s proposed climate risk disclosure rules: A call to action for Southeast Asian banks

May 2022

Regulators across different jurisdictions are increasingly mandating climate-related disclosures amidst rising investor pressure on climate-related corporate accountability.

On 21 March 2022, the US Securities and Exchange Commission (“the SEC”) proposed rule changes that will require registrants to disclose climate risk information in their registration statements and periodic reports. Applicable to all registrants that file with the SEC, the proposed disclosure rules aims to mandate a clear identification of climate-related risks and opportunities, setting a strategic prerequisite for the impact of climate-related issues on a firm's business outlook, measure GHG emissions, and translate all of these through to financial impacts to the bottom line.

This publication (part of PwC's Risk and Regulatory Outlook 2022 series) shares how this important development is expected to influence the pace and degree to which banks in Southeast Asia need to integrate ESG strategies and related milestones into their overall strategy. It shares some practical steps banks in Southeast Asia can take to prepare for ESG disclosure requirements and build KPIs or change programmes around this topic.

Download (PDF) The SEC’s proposed climate risk disclosure rules: A call to action for Southeast Asian banks

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