SEC approves first US climate disclosure rules: Why the requirements are much weaker than planned and what they mean for companies
The rules do require larger companies to disclose Scope 1 and Scope 2 emissions, which are emissions from their operations and energy use. I specialize in sustainable finance and corporate governance and have been following the SEC’s climate disclosure plans. Here are some of the major issues that led to this change and the implications of the new disclosure rules as they phase in, starting in 2025. But much of the debate around the new disclosure rule has focused on whether it passes the cost-benefit smell test. How the SEC stacks up to California and EU rulesThe SEC is not the first to adopt climate disclosure rules.
Source: Wall Street Journal March 08, 2024 16:55 UTC
