Companies Lash Out At SEC’s Proposed Scope 3 Rules | OilPrice.com

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SEC’s proposed rules to “Enhance and Standardize Climate-Related Disclosures for Investors” include requirements for listed companies to report the so-called Scope 3 emissions.

- May 30, 2023, 4:00 PM CDT

Those are the greenhouse gas emissions from the outside suppliers and vendors up and down a company’s supply chain. The backers of the proposed SEC rule, on the other hand, argue that Scope 3 emissions need to be known and reported in a world and investment climate where the risks of climate change on finances and financial stability need to be accounted for. last year, would require a registrant to disclose information about its direct greenhouse gas emissions and indirect emissions from purchased electricity or other forms of energy .

Gensler has acknowledged that Scope 3 disclosures are not “as well developed” as Scope 1 and Scope 2.

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