SEC and Scope 3: In or Out? It Doesn’t Matter.
July, 2023

Memo to those hoping that an SEC will not require disclosure of Scope 3 Greenhouse Gas (GHG) emissions in a final climate disclosure rule:  It won’t matter.  Your organization will need to calculate and report Scope 3 emissions.  It will be a massive undertaking.  Continuing to postpone effort much longer may cost you, in terms of direct costs and indirect impact on company value.  Read to understand the folly of inaction.

SEC proposed climate disclosure rules in March 2022 – fifteen months ago, at this writing.  Several provisions caused uproar and gnashing of teeth; perhaps none so much as the requirement to disclose Scope 3 greenhouse gas (GHG) emissions.  Many have deferred meaningful efforts to compile Scope 3 emissions, often expressing three types of hope.    (Read More)

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