U.S. Securities and Exchange Commission seal in Washington. Photo: Diego M. Radzinschi/ALM SEC's Supply Chain Climate Disclosure Proposal May Be Tweaked, Securities Attorneys Say
Opposition focuses on difficulty and expense of compliance, lawyers say in predicting litigation if proposal is promulgated.
September 18, 2023 at 07:08 PM
4 minute read
The U.S. Securities and Exchange Commission's proposed rule to require public companies to disclose greenhouse gas emissions generated in their supply chain is in jeopardy of being modified or removed, securities attorneys said this past week.
Regulated companies have criticized the supply chain provision—dubbed "Scope Three" of the SEC's proposed climate disclosure rule—saying it would be burdensome and expensive for them to discover and disclose the emissions activities throughout their supply chains, which often include private companies
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