Scope 3 To Be Or Not To Be? That Is the ESG Question
Highlights
Congress, states and the public have staked out competing positions on whether to include Scope 3 emission disclosure requirements for supply chains in the SEC’s final climate rule
On the global stage, in recent years there has been strong support for and substantial progress toward adoption of Scope 3 emission disclosure requirements
The U.S. is at a crossroads on the Scope 3 disclosure issues and the SEC is facing a decision that will have far-reaching consequences
Of all the emerging environmental, social and governance (ESG) issues, one of the more consequential – and imminent – is whether the U.S. will adopt the proposal for disclosure of “Scope 3 emissions” set forth in the Security and Exchange Commission’s (SEC) proposed climate-related disclosure rule. In its regulatory agenda issued Jan. 4, 2023, the SEC projected final action would be taken on the climate rule in April 2023 – a short two months away.
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