In March, at an open meeting, the Securities and Exchange Commission (SEC) proposed, by a 3-1 vote, rules to significantly expand and standardize registrants’ climate-related disclosures for investors. The proposed rules would utilize mandatory, prescriptive disclosures in periodic reports and registration statements to address a myriad of topics related to greenhouse gas (GHG) emissions and global climate change. These proposed rules represent the SEC’s latest effort to advance the climate agenda of the Biden Administration, which describes climate change as “a systemic risk to our economy and financial system.”