Posted 2/24/2024, 2:15:39 AM
SEC Scales Back Sweeping Climate Risk Disclosure Proposal
- SEC expected to pare back proposed climate risk disclosure rule for public companies
- Dropped requirement for certain large companies to report emissions from suppliers and customers (Scope 3)
- Likely to ease proposed reporting requirements for emissions from companies' own operations (Scopes 1 and 2)
- Could represent major victory for business groups and draw criticism from progressives
- Rule expected to come up for final SEC vote in coming weeks, aiming for release by end of March