US Securities and Exchange Commission (SEC) Approves Climate Disclosure Rules
March 12, 2024On March 6th, the SEC implemented pivotal climate-related disclosure rules, mandating companies to disclose, in a footnote, financial impacts and losses due to extreme weather and investments toward climate goals. Key requirements include reporting scope 1 and 2 greenhouse gas (GHG) emissions for large companies. Significantly, the rules exclude mandatory scope 3 emissions reporting, addressing stakeholder concerns. Effective 60 days post-Federal Register publication, these rules mark a significant shift in corporate climate accountability. Access the full rule and the SEC fact sheet.