The United States securities regulator on Monday unveiled a landmark proposal requiring US-listed companies to disclose their climate-related risks and greenhouse gas emissions, part of a push by President Joe Biden’s administration to address financial risks created by rising global temperatures.The long-awaited US Securities and Exchange Commission (SEC) draft rule should help investors better understand how climate change will affect the companies they invest in, but will increase the reporting burden for corporations in the US.Among its key requirements: companies must disclose their own direct and indirect greenhouse gas emissions, known as Scope 1 and 2 emissions, respectively, as well as those generated by suppliers and partners, known as Scope 3 emissions, if material.
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