SEC Finalizes Weakened Rule Requiring Disclosure of Greenhouse Gas Emissions
Wednesday, 6 March 2024, 17:04
SEC Finalizes Weakened Rule on Disclosure of Greenhouse Gas Emissions
The federal government will require some of the largest publicly traded companies to disclose their levels of greenhouse gas emissions under a new rule from the Securities and Exchange Commission (SEC). The SEC voted 3 to 2 on Wednesday to require large companies to tell investors about greenhouse gas emissions directly caused by their business if that information would be likely to influence someone’s decision on whether to invest.
Key Points:
- The new rule mandates large public companies to disclose their greenhouse gas emissions.
- Companies will now have to report emissions from generating the electricity they use.
- The rule aims to provide investors with clearer insights into climate risks.
- This marks a significant shift in corporate disclosure requirements related to climate change.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.