Legal Considerations for Corporate Climate Scenario Analysis
V&E partner Margaret Peloso presented at the “Legal Considerations for Corporate Climate Scenario Analysis” webinar hosted by C2ES.
Many companies are analyzing climate scenarios to see how the costs of physical climate impacts and a transition to low-carbon economy could affect their bottom line. However, there are legal considerations related to publishing climate scenario analysis outcomes in financial filings. Relevant information could be obscured by a large amount of other data, or scenario outcomes that include unknown factors could be misinterpreted as forecasts. Parameters for “materiality,” the legal standard for securities filings, are also mostly defined by case law. This webinar reviewed the major legal risks of under- and over-reporting and discussed how companies can mitigate these risks.
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This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.