Investors are supporting the SEC’s proposal for Scope 3 emissions reporting, that were proposed as part of the proposed climate disclosure rules in March 2022, according to SEC Chair Gary Gensler. However, the final formulation of supply chain emissions reporting requirements remains unclear, with concerns raised by companies and smaller enterprises regarding cost and disruption. The SEC’s proposed climate disclosure rules aim to provide information on climate risks, plans, and operational climate footprint, including value chain emissions. Feedback on the proposed rule, particularly on Scope 3 reporting, has been significant. The SEC is now considering a tiered approach and materiality for Scope 3 reporting, but the timeline remains unclear.
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