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PP0644PROPOSED ABERDEENSHIRE LOCAL DEVELOPMENT PLAN 2020 RESPONSE FORM As part of the production of the Local Development Plan, a Main Issues Report was published in January 2019. The responses from
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Section 13 climate change refers to a regulatory requirement under the U.S. Securities and Exchange Commission (SEC) that mandates public companies to disclose their exposure to risks related to climate change and how they are managing those risks.
Public companies that are publicly traded and subject to SEC regulations are required to file Section 13 climate change disclosures.
Filling out Section 13 climate change involves gathering relevant data on climate-related risks, formulating a disclosure strategy, and providing clear and comprehensive information regarding potential impacts on financial performance, governance structures, and risk management practices.
The purpose of Section 13 climate change is to ensure transparency regarding the financial risks posed by climate change, which helps investors make informed decisions based on a company's vulnerability and responsiveness to climate-related risks.
Companies must report information related to governance and risk management processes regarding climate-related issues, potential financial impacts due to climate change, and any relevant metrics and targets for managing those risks.
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