Climate Disclosure Rules Officially Slated For March 6 Open Meeting

Consideration of the SEC's long anticipated climate disclosure rules—the "Enhancement and Standardization of Climate-Related Disclosures for Investors"—is finally on the SEC's open meeting agenda for March 6. There have been lots of rumors about the timing and the contents of the final rule, so now we'll actually have the opportunity to see what the SEC has settled on. (For discussions of the substance of the proposal, see this PubCo post, this PubCo post and this PubCo post.) Stay tuned.

You'll remember that one of the most striking rumors, courtesy of Reuters, has been that the SEC is indeed planning to eliminate some of the more controversial requirements in the proposal, notably the mandate to disclose Scope 3 GHG emissions in some cases. Scope 3 emissions result from the activities of third parties in the company's "value chain," making collection of the data much more difficult and much less reliable. (See this PubCo post.) While some contend that disclosure