The SEC’s final climate rule: Scope 1 and 2 disclosures qualified by “materiality”?


Here’s an excerpt from this Cydney Posner blog about this Reuters article with a rumor about the climate disclosure rule that the SEC likely will be adopting this morning:

According to Reuters, and “people familiar with the matter,” in the final rules, the SEC has “softened requirements for disclosures of Scopes 1 and 2 emissions….The initial proposal made these disclosures mandatory. But the draft rule now under consideration would compel such disclosures only if companies deem they are material, meaning in some instances they might not be reported at all, the people said.”