U.S. Securities and Exchange Commission headquarters in Washington, D.C. Photo: Diego M. Radzinschi/ALM

A sharply divided U.S. Securities and Exchange Commission (SEC) approved a climate disclosure rule Wednesday after yielding in part to staunch opposition from industry groups that claimed it would be challenging for public companies to disclose greenhouse gas emissions by entities in their supply chain. The commission's party-line 3-2 vote followed SEC Chair Gary Gensler's explanation that the agency dropped that part of the proposed disclosure requirement, known as Scope 3, "at this time."  

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Maydeen Merino

Maydeen Merino is a regulatory reporter, covering the DOJ, FTC, SEC and EPA. She can be reached at [email protected].

Governance/Regulation & Compliance
Analysis