SEC Releases Status Report on Climate Disclosure Rules Litigation

On July 28, 2025, the SEC released a status report stating it ‘does not intend to review or reconsider the final rule at this time’ but asked the court to ‘proceed with the litigation and decide the case.’ This followed the SEC’s March 2025 decision to end its defense of the climate disclosure rules adopted in March 2024. The rules remain stayed pending judicial review, creating uncertainty for companies that would have begun reporting for year-end December 31, 2025. Companies continue to operate under existing 2010 SEC climate guidance while awaiting final court resolution. ( SEC )

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Simon Mak
Simon Mak didn’t set out to build just another finance firm—he set out to change how business measures success. After graduating from McGill University and earning credentials as a CFA and CMA, Simon founded Ascent Partners in Hong Kong, blending financial rigor with a vision for sustainability. Along the way, he realized that true value isn’t just in numbers—it’s in impact. That belief inspired the Ascent Partners Foundation, which Simon leads as Chairman. The foundation supports causes from poverty relief to environmental protection, partnering with NGOs and sustainability networks to drive real change. His influence extends beyond the boardroom through roles with Friends of the Earth, the UN ESCAP Sustainable Business Network, and industry alliances—always guided by one principle: business should be a force for good.
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| September 14th, 2025 | Posted in News |

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