US SEC Climate-Related Disclosures Rule (2024)

Applies to

SEC registrants — including foreign private issuers (FPIs) such as Indian ADR/GDR issuers and US-listed Indian entities.

Key points

• Aligns with TCFD pillars; Scope 3 dropped from final rule.
• Phased compliance for Large Accelerated Filers, Accelerated Filers and SRCs.
• Stay imposed Apr 2024 by Eighth Circuit; status remains contested.

Applicability triggers

• Indian company is an SEC registrant or files Form 20-F as a foreign private issuer.
• Indian subsidiary of a US-listed parent feeding climate disclosures to consolidated 10-K.

Practitioner questions

• What is the current status of the SEC climate rule for FPI Indian filers?

Sources

• SEC — Climate-Related Disclosures Final Rule