Another Scoop About Expected SEC Climate Disclosure Rules

Since many of you may, like me, be having the vapors waiting for the SEC to finally divulge the new climate disclosure rules, I thought I'd share this latest scoop from Reuters. According to Reuters, not only is the SEC dropping the mandatory Scope 3 requirement, it is also moderating the requirements for disclosure of Scopes 1 and 2.

Just as a refresher, in the proposal, the SEC defined the "scopes," based on the GHG protocol, as follows:

• "Scope 1 emissions as direct GHG emissions from operations that are owned or controlled by a registrant;
• Scope 2 emissions as indirect GHG emissions from the generation of purchased or acquired electricity, steam, heat, or cooling that is consumed by operations owned or controlled by a registrant; and