Will your CO2 emissions data be collected and reported to the government in the near future? A consumer rights group said that a new rule proposed by the U.S. Securities and Exchange Commission (SEC) would lay the groundwork for doing so.
On March 21, the SEC proposed a rule titled “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (pdf). The nearly 500-page rule would require SEC registrants—mostly public companies, investment advisers, and broker-dealers—to report certain climate-related information including their greenhouse gas (GHG) emissions.
The GHG emissions are categorized into three scopes. Scope 1 is the registrant’s direct GHG emissions. Scope 2 is its indirect GHG emissions from purchased electricity and other forms of energy. Scope 3 is indirect emissions from upstream and downstream activities in a registrant’s value chain….