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Companies to Disclose Greenhouse Gas Emission Reduction Plans Aligned with Paris Agreement

New rules require large public companies to disclose information about their plans to reduce greenhouse gas emissions. This aims to increase transparency, allowing citizens and investors to assess how companies contribute to combating climate change. This information may influence consumer and investment decisions.
Key points
Companies must disclose whether they have greenhouse gas emission reduction targets consistent with the Paris Agreement (limiting global warming to 1.5 or 2 degrees Celsius).
If a company does not have such targets, it must explain why and whether it supports the temperature goals of the Paris Agreement.
Companies will also report on actions taken and planned to achieve these emission targets.
The Securities and Exchange Commission (SEC) will develop detailed rules for these disclosures within one year.
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Expired
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Additional Information
Print number: 117_HR_1780
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2021-03-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Paris Climate Agreement Disclosure Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1780.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-10.

What are the main provisions?

Key points include:

  • Companies must disclose whether they have greenhouse gas emission reduction targets consistent with the Paris Agreement (limiting global warming to 1.5 or 2 degrees Celsius).
  • If a company does not have such targets, it must explain why and whether it supports the temperature goals of the Paris Agreement.
  • Companies will also report on actions taken and planned to achieve these emission targets.
  • The Securities and Exchange Commission (SEC) will develop detailed rules for these disclosures within one year.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velazquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Environment Economy