In early March, the US Securities and Exchange Commission announced its decision not to require the companies it regulates to disclose their Scope 3 greenhouse-gas (GHG) emissions.
The regulator’s previously published draft disclosure regulations had included mandatory reporting of supply-chain and product-consumption emissions. So, the weakening of the final rules published on March 6 was met with a chorus of disapproval from disappointed environmental activists.
US senator Elizabeth Warren, echoing the thrust of much of this criticism, lambasted the SEC’s choice to “significantly weaken the rule in response to an onslaught of corporate lobbying.
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