On November 29, 2023, The Peggy Smedley Show featured Mandy MacVey in an interview regarding the Security and Exchange Commission’s (SEC) proposed climate disclosure rule and its impact on the construction industry.
MacVey explained that contractors, construction companies, equipment manufacturers, and materials suppliers organized as publicly traded companies will have to comply with the new rule.
“Those companies have to comply as a matter of their core just corporate business operations,” she said “That is only a fraction of the construction industry itself, when you consider all the players on the design side and the engineering side and then the tiers of construction. There are privately held companies as well as different business enterprises that are organized in different ways.”
“So, if you're not a publicly traded company, you're not going to be required. You don't have to file something with the SEC,” MacVey continued. “However, the projects that you're engaged in very well may be initiated by a publicly traded company who is the owner entity, or you may be engaged in various government projects… So even if you're not a publicly traded company, you are likely to be touched by this new rule because it is going to change what is considered the industry standard.”
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