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Stock impact report

Landmark rule requires some companies to share how much they pollute. But it was scaled back [CNN]

Workiva Inc. Class A (WK) 
Last workiva inc. class a earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.workiva.com/investors/overview
Company Research Source: CNN
But, after two years of backlash, the final rule was significantly watered down from its original version. Some business leaders said the rule overstepped; climate activists argued it didn't do enough. The version the Securities and Exchange Commission passed won't require companies to include some of the secondary climate effects of their products. On Wednesday, SEC chairman Gary Gensler said he thought the finalized rules would “produce more useful information to investors. Far more useful, I think, than what they get today.” Parts of the rule will take effect in 2025 and it comes amid a push by the Biden administration to tackle climate change. “This was a widely expected political compromise in an election year,” Shivaram Rajgopal, a professor of accounting and auditing at Columbia Business School said. Some emission requirements are absent from the final rule The newly adopted rule dropped one of the most contentious elements of the SEC's initial March 2022 proposal, Show less Read more
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