News
SEC Guidance on Disclosure Requirements for Climate Change
On February 8th, the Securities and Exchange Commission (SEC) published in the Federal Register interpretive guidance regarding disclosure requirements for climate change. The guidance is effective immediately. Through this guidance, the SEC has responded to continuing concerns from institutional investors and asset management companies that there is a dearth of information from publicly-traded companies on their risks from climate change. For more information, Click Here.
The Securities and Exchange Commission (SEC) today published in the Federal Register interpretive guidance regarding disclosure requirements for climate change. The guidance is effective immediately.
Through this guidance, the SEC has responded to continuing concerns from institutional investors and asset management companies that there is a dearth of information from publicly-traded companies on their risks from climate change. However, SEC Chairman Mary Schapiro stressed that the Commission was not weighing in on whether or not the world’s climate is changing and why; rather, they were ensuring that disclosure rules were clear enough to be consistently applied by public companies, and provide necessary information for investors to make informed decisions.
Public companies that are subject to the Commission’s S-K requirements to file annual reports (for example, a 10-K) will have to conduct an analysis of business or legislative developments related to climate change. If those developments are both likely to occur, and will result in a material impact on financial conditions or results of operations, then disclosures will be required – particularly in reporting risk factors, the business’ description, legal proceedings and the management discussion and analysis (MD&A).
Key considerations are the:
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Impact of existing and pending laws and regulations (e.g., promulgated federal and state greenhouse gas reporting regulations as well as draft legislation such as H.R. 2454 Waxman-Markey)
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Impact of international accords and treaties (e.g., the Copenhagen Accord)
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Indirect consequences of regulation or business trends (e.g., changes in prices for goods and services); and
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Physical impacts of climate change (e.g., sea level rise).
Foreign based issuers that file a 20-F form with the SEC are also subject to the guidance, although disclosures will be less detailed than those required of domestic companies.
Cameron-Cole can assist you in preparing the information necessary to respond to this new guidance. For more information, please contact:
Connie Sasala
Executive Partner & Cheif Sustainability Officer
Cameron-Cole, LLC.
330.659.0733(direct)
January 2010 - Targeted Microbial Applications
Cameron-Cole is pleased to launch our Targeted Microbial Applications (TMA) program that provides our clients with environmentally-friendly treatment options for contaminated soils, groundwater, wastewater, surface water, and runoff. TMA, which targets specific contaminants and transforms them into harmless inorganic elements, has successfully been used at dozens of sites throughout the U.S. to treat a wide range of contaminants. TMA has been proven to be effective, flexible, more cost-effective than traditional remediation treatment methods, and technologically adaptable. For more information, visit:
http://www.cameron-cole.com/technicalCapabilities.aspx
September 2009 - New ARB GHG Verification
September 2009 - Cameron-Cole has officially been accredited by the California Air Resources Board (ARB) as a verification body for the State of California’s Mandatory Reporting of Greenhouse Gas Emissions regulation. For more information Click Here.
September 2009 - Cameron-Cole Welcomes a New Director
September 2009 - Cameron-Cole is pleased to announce the following new director:
Jamie Dandar, Director, Business Development
Ms. Dandar is our Director, Business Development and is responsible for the direction, oversight and implementation of all Cameron-Cole’s business development programs and activities. Her primary focus is to grow new business from internal sources, as well as procure business through new client opportunities.
She has over 10 years of experience in new business development, competitive analysis, marketing and market analysis, contract negotiation, and efficiency process management, specifically in the areas of lean process, 5S, and Six Sigma. Prior to joining Cameron-Cole, Ms. Dandar was Business Development Manager for PPG Industries where she was responsible for the identification, selection and management of the consultative sales process for large collision center accounts.
Ms. Dandar holds an M.B.A. with an entrepreneurial focus from the University of Colorado at Denver, and a B.S. in Business Administration from Ohio State University, Columbus, Ohio.
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