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."  

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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