The Securities and Exchange Commission (SEC) has proposed rescinding its climate disclosure rules, saying the mandates were overly burdensome, costly and outside the agency’s core securities-law authority. The rules, adopted in 2024 and later stayed during litigation, would have required public companies to report detailed climate-related information, including greenhouse gas emissions, climate-risk management and certain severe-weather financial impacts.

The SEC says the repeal would restore a materiality-based approach and reduce unnecessary compliance costs. Public comments will be accepted for 60 days after the proposal is published in the Federal Register.

“Manufacturers need clear, consistent rules focused on material financial information, not open-ended reporting mandates that add cost, complexity and uncertainty,” said James Lee, managing director of public policy services for the Ohio Manufacturers’ Association. 6/1/2026