The U.S. Securities and Exchange Commission today issued new interpretive guidance that clarifies what publicly-traded companies need to disclose to investors in terms of climate-related ‘material’ effects on business operations... The guidance, the first economy-wide climate risk disclosure requirement in the world, was approved in a formal vote...today... Today’s decision comes after formal requests by leading investors for the SEC to require full corporate disclosure of wide-ranging climate-related business impacts – and strategies for addressing those impacts... Investors hailed today’s new guidance and said it goes a long way to meeting disclosure needs outlined in their petition.