The SEC has adjusted its climate disclosure requirements, easing mandates on emissions reporting following corporate objections. In short:The SEC will not enforce the reporting of certain indirect emissions known as Scope 3, which occur in a company’s supply chain or through consumer product use. The regulation impacts a broad range of U.S. and foreign companies, eliciting over 16,000 comments from diverse stakeholders during the proposal stage. Key quote:“All public companies need to digest the final rules. It underscores the tension between corporate interests and the need for transparency in environmental impact on a national scale.

Source: Washington Post March 07, 2024 12:47 UTC