Hi friend,

The Securities and Exchange Commission (SEC) — the federal agency responsible for regulating markets and protecting investors — has issued an official ruling requiring publicly traded U.S. companies to disclose their climate-related risks and carbon emissions.

But here’s the problem, friend: These requirements require disclosures of only Scope 1 and Scope 2 carbon emissions. Scope 3, which creates the greatest amount of emissions, has been completely left out of the ruling.

Scope 3 encompasses the emissions from the entire supply chain of a company. That includes harvesting and transporting raw materials and distributing finished products, use, and disposal. These emissions typically add up to around 90% of a company's total emissions.

Please sign on to thank the SEC for ruling on carbon emission reporting and call on them to enact stronger rules requiring corporations to disclose ALL climate-related risks and carbon emissions along their entire supply chains >>

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Overall, we are excited to see the SEC move forward with emissions reporting. But not including Scope 3 emissions is out of step with the global community. Other countries — the China stock exchange most recently — are leaning into much more comprehensive emissions reporting requirements.

Remember SB 253 and SB 261, the two climate disclosure laws we worked hard to pass into law in California last year? These laws go much further in emissions disclosure requirements than this SEC ruling by including all three scopes of emissions.

The fact is, carbon emissions and climate risks will have significant material effects on companies’ operations. Consumers and investors are both well aware of these risks, so it is time for our federal government’s rules to reflect that.

Friend, add your name in support of rules that require the level of transparency that we need — Scope 1, Scope 2, AND Scope 3 emissions >>

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Thank you for making your voice heard!

Melissa Romero
Deputy Legislative Director
California Environmental Voters




California Environmental Voters
1111 Broadway, Suite 300
Oakland, CA 94607
United States
+15102710900 | [email protected]

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California Environmental Voters (EnviroVoters) exists to build the political power to solve the climate crisis, advance justice, and create a roadmap for global action. To protect our air, land, water, and future, we organize voters, elect and train candidates, and hold lawmakers accountable for bold policy change. Our vision is to solve the climate crisis, build resilient, connected, healthy communities, and create a democracy and economy that is just and sustainable for all.

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