Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 38

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 38
---
 from

registration,

and

business

development

companies. On

March

6,

2024,

the

SEC

adopted

final

rules

to

require registrants

to disclose

certain climate-related

information in

SEC filings

of all

public companies.

The

final rules

require companies

to disclose,

among other

things: material

climate-related risks;

activities to

mitigate or

adapt to such

risks; information about

the registrant's board

of directors' oversight

of climate-

26

related risks

and management’s

role in

managing material

climate-related risks;

and information

on any

climate-related

targets

or

goals

that

are

material

to

the

registrant's

business,

results

of

operations,

or

financial condition.

Further, to facilitate

investors' assessment

of certain

climate-related risks,

the final

rules

require

disclosure

of

Scope

1

and/or

Scope

2

greenhouse

gas

(GHG)

emissions

on

a

phased-in

basis

when those

emissions are

material; the

filing of

an attestation

report covering

the required

disclosure of

such

registrants’

Scope

1

and/or

Scope

2

emissions,

also

on

a

phased-in

basis;

and

disclosure of

the

financial statement

effects of

severe weather

events and other

natural conditions including,

for example,

costs

and

losses.

The

final

rules

include

a

phased-in

compliance

period

for

all

registrants,

with

the

compliance date dependent on the registrant’s filer status and the content

of the disclosure.

Almost immediately upon release of the

rules, multiple lawsuits challenging the rules

were filed in federal

court, and the

cases were transferred

to the

Eighth Circuit Court

of Appeals.

On April

4, 2024, the

SEC

voluntarily issued a stay of

the climate-related disclosure rules

pending the completion of

judicial review of

the consolidated

Eighth Circuit

petitions, which

is still

ongoing.

In addition,

on June

28, 2024,

in its

decision

of

the

combined

cases

of

Relentless

v.

Department

of