Dear John,
Earlier today, the U.S. Securities and Exchange Commission (SEC) voted to adopt a regulation that will mandate the disclosure of climate risk information from all publicly traded companies. We hope you will join us in celebrating this long-awaited rule and applauding the SEC’s leadership! |
As you know, Ceres has been advocating for mandatory climate disclosure for over two decades. Today’s news represents a major victory for transparency in capital markets. With the implementation of this rule, investors and companies will be better equipped to accurately assess climate risk and capitalize on opportunities presented by the climate transition.
Now the real work begins.
While we are thrilled with the SEC’s work in crafting a strong rule, the regulation notably lacks a mandate for Scope 3 greenhouse gas (GHG) emissions. Scope 3, which refers to all indirect emissions not related to the consumption of electricity, heat, or steam, often makes up the largest portion of a company’s footprint. We will continue to advocate for voluntary and mandatory disclosures of a company’s full scope of emissions. |
Eager to dive into the details of the final rule text? So are we!
We will announce a public webinar in the coming weeks with key experts to dive deeper into the rule. Stay tuned for a date and registration details! |
