SEC climate disclosure rule likely delayed, Scope 3 reporting hangs in the balance
If published in 2024, the rule would require public companies to disclose climate-related information from 2026.
It is likely that the final SEC climate disclosure rule will be delayed to 2024, as commission staff continue to review the 16,000 comments received on the draft – a large part of which oppose Scope 3 emissions reporting.
Speaking in front of the US Chamber of Commerce on October 26, SEC Chair Gary Gensler was cautious not to make any announcements regarding the final climate disclosure rules. However, he shared the main sticking points that emerged during the comment period – and suggested that reporting may only start in 2026 for fiscal year 2025.
