The SEC Watered Down Its Climate Reporting Requirements. Here’s What That Means for Companies.
By Yusuf Khan and Richard Vanderford
Originally published on WSJ.com.
Scope 3 reporting requirements in California and Europe will likely mean global companies still have to detail supply-chain emissions
Wednesday’s announcement might afford some businesses some breathing room as they scramble to comply with what is still a landmark shift in how companies report on climate-related metrics. But businesses will still face requirements to report Scope 3 in some jurisdictions, as well as pressure from investors, consumers and business partners.
“A lot of them are impacted by so many different pressures in this space,” said Mallory Thomas, a partner with the risk advisory practice at consulting firm Baker Tilly. “A lot of larger public companies will continue to report their Scope 3.”
