{"id":5128,"date":"2022-05-04T14:10:43","date_gmt":"2022-05-04T20:10:43","guid":{"rendered":"https:\/\/www.nhg.mx\/?p=5128"},"modified":"2022-05-04T18:08:06","modified_gmt":"2022-05-05T00:08:06","slug":"la-comision-de-valores-de-los-estados-unidos-sec-presenta-una-propuesta-de-reglas-sobre-la-publicacion-de-informacion-sobre-el-cambio-climatico","status":"publish","type":"post","link":"https:\/\/www.nhg.mx\/es\/la-comision-de-valores-de-los-estados-unidos-sec-presenta-una-propuesta-de-reglas-sobre-la-publicacion-de-informacion-sobre-el-cambio-climatico\/","title":{"rendered":"Nueva Regulaci\u00f3n de la SEC sobre Cambio Clim\u00e1tico"},"content":{"rendered":"<p><span class=\"ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><b class=\"ac-designer-copy\">Introducci\u00f3n<\/b><br class=\"ac-designer-copy\" \/><br class=\"ac-designer-copy\" \/>El pasado mes de marzo de 2022, la SEC propuso nuevas directrices para mejorar y uniformar la informaci\u00f3n relacionada con el cambio clim\u00e1tico con el fin de satisfacer las necesidades de los inversionistas. Muchos emisores intentan activamente satisfacer la demanda de esta informaci\u00f3n por parte de los inversionistas, pero los m\u00e9todos actuales de revelaci\u00f3n son bastantes irregulares. Las normas propuestas facilitar\u00e1n a los emisores la revelaci\u00f3n de estos riesgos de manera m\u00e1s homog\u00e9nea, lo que beneficiar\u00e1 tanto a los inversionistas como a los emisores.<br class=\"ac-designer-copy\" \/>\u00a0 <br class=\"ac-designer-copy\" \/><b class=\"ac-designer-copy\">Contenido de la informaci\u00f3n propuesta<\/b><br class=\"ac-designer-copy\" \/>Las normas propuestas requerir\u00edan que los registrantes locales y los emisores privados extranjeros registrados (ambos, un emisor) revelen informaci\u00f3n sobre:<\/sub><\/span><\/span><\/p>\n<ul class=\"ac-designer-copy\">\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">C\u00f3mo los riesgos relacionados con el cambio clim\u00e1tico identificados por el emisor han tenido o se prev\u00e9 que tengan un impacto importante en el negocio y los estados financieros consolidados del emisor a corto, mediano y largo plazo;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">C\u00f3mo esos riesgos identificados relacionados con el clima han afectado o se prev\u00e9 que afecten la estrategia, el modelo de negocio o las perspectivas del emisor;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Los procedimientos del emisor para identificar, analizar y gestionar los riesgos relacionados con el cambio clim\u00e1tico;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Una descripci\u00f3n del plan, incluyendo las m\u00e9tricas y objetivos relevantes utilizados para identificar y gestionar cualquier riesgo f\u00edsico y de transici\u00f3n, si el emisor ha adoptado un plan de transici\u00f3n como parte de su estrategia de gesti\u00f3n de riesgos relacionados con el cambio clim\u00e1tico;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Una descripci\u00f3n de los escenarios considerados para evaluar la resiliencia de su estrategia empresarial a los riesgos relacionados con el cambio clim\u00e1tico;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Informaci\u00f3n sobre el precio y c\u00f3mo se fija si un solicitante de registro emplea una tarifa interna de las emisiones de carbono;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">El impacto de los sucesos relacionados con el clima (como el mal tiempo y otras cat\u00e1strofes naturales) y las operaciones de transici\u00f3n en las r\u00fabricas de los estados financieros consolidados de un emisor, as\u00ed como las estimaciones e hip\u00f3tesis financieras utilizadas en los estados financieros;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Las emisiones directas de Gas de Efecto Invernadero (GEI) del emisor (Alcance 1) y las emisiones indirectas de emisiones de GEI (Alcance 2) procedentes de la electricidad comprada y otras formas de energ\u00eda, reveladas por separado, expresadas tanto por los GEI constituyentes desagregados como en el agregado, en t\u00e9rminos absolutos (excluyendo las compensaciones) y en t\u00e9rminos de intensidad (por unidad de valor econ\u00f3mico o de producci\u00f3n);<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\">Si son relevantes, las emisiones indirectas de las operaciones anteriores y posteriores en la cadena de valor de un emisor (Alcance 3), o si el emisor ha establecido un objetivo o meta de emisiones de GEI que incluye las emisiones del Alcance 3, en t\u00e9rminos absolutos, sin incluir compensaciones, y en t\u00e9rminos de intensidad; y<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\"><span class=\"ac-designer-copy\"> Si el emisor ha establecido p\u00fablicamente objetivos o metas relacionados con el clima.<\/span><\/sub><\/li>\n<\/ul>\n<div class=\"ac-designer-copy\"><span class=\"ac-designer-copy\"><sub class=\"ac-designer-copy\">Al d\u00eda de hoy no hay una fecha cierta sobre cu\u00e1ndo entrar\u00e1n en vigor estas normas, pero se entiende que las normas propuestas se adoptar\u00e1n con una fecha de entrada en vigor en diciembre de 2022.<br class=\"ac-designer-copy\" \/><br class=\"ac-designer-copy\" \/>Es imperativo que los emisores comiencen a evaluar el impacto de estas regulaciones dentro de sus organizaciones y tomen medidas inmediatas para su implementaci\u00f3n. En el caso de las empresas p\u00fablicas y los emisores de otras jurisdicciones, incluido M\u00e9xico, es razonable esperar que se aplique una normativa muy similar a corto plazo, por lo que sugerimos que se adopten medidas inmediatas para la adopci\u00f3n de criterios de gobernanza clim\u00e1tica.<\/sub><\/span><\/div>\n<p>&nbsp;<\/p>\n<p><span class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\"><strong> The Securities and Exchange Commission (\u201c<u class=\"ac-designer-copy\">SEC<\/u>\u201d) unveils Proposed Climate Disclosure Rules <\/strong><br class=\"ac-designer-copy\" \/>\u00a0 <br class=\"ac-designer-copy\" \/><b class=\"ac-designer-copy\">Introduction<\/b><br class=\"ac-designer-copy\" \/><br class=\"ac-designer-copy\" \/>The SEC proposed new guidelines last March 2022, to improve and standardize climate-related disclosures in order to meet investor needs. Many issuers are actively attempting to address investor demand for this information, but current disclosure methods are fragmented and uneven. The proposed rules will make it easier for issuers to disclose these risks more homogeneously, which will benefit both investors and issuers.<br class=\"ac-designer-copy\" \/>\u00a0 <br class=\"ac-designer-copy\" \/><b class=\"ac-designer-copy\">Content of the Proposed Disclosures<\/b><br class=\"ac-designer-copy\" \/>The proposed rules would require local registrants and registered foreign private issuers (each an issuer) to disclose information about:\u00a0 <\/span><\/sub><\/span><\/p>\n<ul class=\"ac-designer-copy\">\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">The issuers board and management<\/span><span class=\"ac-designer-copy\" lang=\"EN-US\">\u2019<\/span><span class=\"ac-designer-copy\" lang=\"EN-US\">s regulation and control of climate-related risks;<\/span><\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">How any climate-related risks identified by the issuers have had or are anticipated to have a major impact on the issuers business and consolidated financial statements in the short, medium, and long term;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">How those identified climate-related risks have affected or are projected to affect the issuers strategy, business model or outlook;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">The issuers procedures for identifying, analyzing, and managing climate-related risks;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">A description of the plan, including the relevant metrics and targets used to identify and manage any physical and transition risks, if the issuer has adopted a transition plan as part of its climate-related risk management strategy;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">A description of the scenarios considered to assess the resilience of its business strategy to climate-related risks;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">Information regarding the price and how it is set if an issuer employs an internal carbon pricing;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">The impact of climate-related occurrences (such as severe weather and other natural disasters) and transition operations on an issuers consolidated financial statements line items, as well as the financial estimates and assumptions used in the financial statements;<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">The issuers direct Green House Gas (GHG) emissions (Scope 1) and indirect GHG emissions (Scope 2) from purchased electricity and other forms of energy, separately disclosed, expressed both by disaggregated constituent GHG and in the aggregate, in absolute terms (excluding offsets) and in terms of intensity (per unit of economic value or production);<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">If relevant, indirect emissions from upstream and downstream operations in an issuers value chain (Scope 3), or if the issuer has set a GHG emissions target or goal that includes Scope 3 emissions, in absolute terms, without including offsets, and in terms of intensity; and<\/span><\/sub><\/li>\n<li class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\">If the issuer has publicly set climate-related targets or goals.<\/span><\/sub><\/li>\n<\/ul>\n<div class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\"><span class=\"ac-designer-copy\"><span class=\"ac-designer-copy\" lang=\"EN-US\">As of this date there is no specific date as to when these rules will enter into force, but it is assumed that the proposed rules will be adopted with an effective date in December 2022.<\/span><br class=\"ac-designer-copy\" \/><br class=\"ac-designer-copy\" \/><span class=\"ac-designer-copy\" lang=\"EN-US\">It is imperative that issuers start assessing the impact of these regulations within their organizations and taking immediate steps towards their implementation. For public companies and issuers in other jurisdictions, including Mexico, it is reasonable to expect very similar regulation to be implemented in the short term so we suggest immediate action on adopting climate governance standards.<\/span><br class=\"ac-designer-copy\" \/><br class=\"ac-designer-copy\" \/><\/span><\/sub><\/div>\n<p><span class=\"ac-designer-copy\"><sub class=\"ac-designer-marked-selection ac-designer-copy\">For further information in relation to the above, please contact your usual contacts at Nader, Hayaux and Goebel or Partner H\u00e9ctor Arangua. <br class=\"ac-designer-copy\" \/><\/sub><\/span><\/p>\n<div class=\"ac-designer-copy\">\n<div class=\"ac-designer-copy\"><\/div>\n<\/div>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-bottom-left\"><a href=\"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/posts\/5128?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.nhg.mx\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/posts\/5128?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.nhg.mx\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Introducci\u00f3nEl pasado mes de marzo de 2022, la SEC propuso nuevas directrices para mejorar y uniformar la informaci\u00f3n relacionada con el cambio clim\u00e1tico con el fin de satisfacer las necesidades de los inversionistas. Muchos emisores intentan activamente satisfacer la demanda de esta informaci\u00f3n por parte de los inversionistas, pero los m\u00e9todos actuales de revelaci\u00f3n son&#8230;<\/p>\n<div class=\" [&hellip;]\"><a href=\"https:\/\/www.nhg.mx\/es\/la-comision-de-valores-de-los-estados-unidos-sec-presenta-una-propuesta-de-reglas-sobre-la-publicacion-de-informacion-sobre-el-cambio-climatico\/\">Read More<\/a><\/div>\n","protected":false},"author":9,"featured_media":5129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[458,386],"tags":[509,510,460],"class_list":["post-5128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg","category-legal-alerts","tag-cambio-climatico","tag-climate-change","tag-esg"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/posts\/5128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/comments?post=5128"}],"version-history":[{"count":0,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/posts\/5128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/media\/5129"}],"wp:attachment":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/media?parent=5128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/categories?post=5128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/tags?post=5128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}