SEC said to have removed Scope 3 requirement from climate rule
The agency received 16,000 comments on its initial draft, and that the majority of them opposed Scope 3 reporting.
The US Securities and Exchange Commission (SEC) has reportedly removed Scope 3 requirements from its draft climate rules after business groups and corporations threatened legal action.
A new draft has been circulating among SEC commissioners as the regulator prepares to vote on its climate disclosure rule by April 2024. Sources familiar with the matter have told Reuters this new draft doesn’t include Scope 3 emissions – a departure from other regulatory initiatives such as California’s climate rules and Europe’s CSRD.
