; and (ii) transition risks posed to the covered issuer by climate change; (B) a description of any established corporate governance processes and structures to identify, assess, and manage climate-related risks; and (C) a description of specific actions that the covered issuer is taking to mitigate identified risks. (3) Rule of construction Nothing in paragraph (2) may be construed as precluding a covered issuer from including, in an annual report submitted under subsection (a) or section 15(d), any information not explicitly referenced in those paragraphs. . 6. Rulemaking (a) Climate Risk Disclosure Rules The Commission, in consultation with the appropriate climate principals, shall not later than 2 years after the date of the enactment of this Act, issue rules with respect to the information that a covered issuer is required to disclose pursuant to section 13(s) of the Securities Exchange Act of 1934 and such rules shall— (1) establish, in consultation with the appropriate climate principals, climate-related risk disclosure guidance, which shall— (A) be, to the extent practicable, specialized for industries within specific sectors of the economy, which shall include— (i) the sectors of finance, insurance, transportation, electric power, mining, and non-renewable energy; and (ii) any other sector determined appropriate by the Commission, in consultation with the appropriate climate principals; (B) include reporting standards for estimating and disclosing direct and indirect greenhouse gas emissions by a covered issuer, and any affiliates of the covered issuer, which shall— (i) separate, to the extent practicable, total emissions of each specified greenhouse gas by the covered issuer; and (ii) include greenhouse gas emissions by the covered issuer during the period covered by the disclosure; (C) include reporting standards for disclosing, with respect to a covered issuer— (i) the total amount of fossil fuel-related assets owned or managed by the covered issuer