N🟁N

SEC's climate disclosure rules may not survive under Trump, but many firms still likely to report risks

The article from AOL Finance discusses the potential impact of the SEC's proposed climate disclosure rules on U.S. companies. These rules would require companies to report their greenhouse gas emissions, including Scope 3 emissions which cover indirect emissions from activities like business travel and the use of sold products. The SEC aims to standardize how companies report climate-related financial risks, which could affect investment decisions and corporate transparency. However, there is significant pushback from various business groups and Republican lawmakers who argue that these regulations could impose heavy compliance costs and might not accurately reflect the financial materiality of climate risks. Critics also express concerns about the feasibility of accurately measuring Scope 3 emissions. The rules are part of a broader global trend towards mandatory climate risk disclosure, with the SEC's final decision still pending after considering public feedback.

Read the Full AOL Article at:
[ https://www.aol.com/finance/sec-climate-disclosure-rules-may-123820976.html ]