Michael B. Gerrard of Columbia Law School. Courtesy photo California and Europe Require Scope 3 Climate Disclosures Despite SEC Retreat
On March 6, 2024, the SEC issued its final rule that notably eliminated Scope 3 disclosures by public companies—but companies that don't want to make these disclosures should not rejoice, as new requirements from both California and Europe do mandate this information and apply to most large companies operating in the United States.
May 10, 2024 at 10:00 AM
11 minute read
In March 2022, the U.S. Securities and Exchange Commission (SEC) issued proposed regulations on disclosure of climate-related information by public companies, including their material Scope 3 greenhouse gas (GHG) emissions. This created a firestorm, drawing more than 24,000 comment letters.
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