On March 21, 2022, the SEC proposed rules that would require public firms to provide certain climate-related information in their annual reports. Firms will be required to provide climate-related risks such as greenhouse emissions that are reasonably likely to have a material impact on their business, results of operations, or financial condition. Please read the following articles on practitioners' responses to the SEC rules on climate-related information and answer the required questions:

1) What Companies Should Know Now About the SEC's Proposed Rule on Mandatory Climate Disclosuresand How to Plan Ahead

2) How the SEC's ESG Standards Proposal Could Bring Meaningful Change in the US

3) What ESG Is, Why It's Important, and Where It Might Be Going

Required questions:

1. What is ESG reporting?

2. What are the benefits of ESG reporting to the firm?

3. What are the challenges facing ESG reporting?

4. Discuss the proposed SEC rules on climate-related disclosure and provide your opinion on their pros and cons to various stakeholders.

5. Review the annual reports of any two publicly-listed companies you are personally interested in researching and summarize their ESG strategies.