SEC Climate Disclosure Rule
Regulation S-X Article 14: Financial statement effects – SEC Climate Disclosure Rule

SEC Climate Disclosure Rule 14-02(d): Rule 14-02(b)(2) and (d): capitalised costs and charges from severe weather events and other natural conditions

What does 14-02(d) require?

Disclose the aggregate capitalised costs and charges, excluding recoveries, incurred in the year as a result of severe weather events and other natural conditions (for example to restore operations, retire, replace or repair affected assets, or impairment charges), identifying where they appear in the balance sheet. Required when the aggregate absolute value is at least one percent of the absolute value of stockholders' equity or deficit at year end, but not if it is below 500,000 US dollars for the year.

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