SEC Expected to Approve Weakened Climate Disclosures Rule Despite Backlash
Wednesday, 6 March 2024, 14:45
SEC's Revised Climate Disclosures Rule
The Securities and Exchange Commission (SEC) is expected to approve a revised climate disclosure rule that has stirred controversy in the financial world.
Key Changes
- Removal of Supply Chain Emissions Reporting: The requirement for companies to disclose emissions from their supply chains has been eliminated.
- Omission of Client Product Usage: Companies are no longer obligated to report on how customers use their products.
The decision has raised concerns over transparency and accountability in corporate sustainability practices.
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.