US SEC Chief Expects ‘Fair Number’ of Companies to Disclose Scope 3 Data in Climate Rule

The SEC has not said how many companies it would expect to be captured by the requirement, which could be a game-changer for some industries, like oil and gas.

Katanga Johnson, Reuters

A “fair number” of the largest U.S.-listed companies should be caught by a proposed requirement to disclose third-parties’ greenhouse-gas emissions, the chair of the U.S. securities regulator told Reuters Events Responsible Business forum in an interview.

The Securities and Exchange Commission (SEC) last month unveiled a landmark rule that would require some companies to disclose so-called “Scope 3” emissions, emissions generated by the company’s upstream and downstream activities.

The March draft rule, which is subject to public consultation, would require large so-called “accelerated filers” to disclose Scope 3 emissions if they are material, or included in any emissions targets the company has set.

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