Wee-Kean Fong’s Post

The SEC has announced what companies need to disclose around their Greenhouse Gas emissions. The potentially controversial scope 3 emissions requirement was dropped. Companies now will need to disclose their Scope 1 emissions, which are a result of their operations, and Scope 2 emissions from energy they purchase. But only if the company deems this material to the investors. Companies will also need to disclose other climate risks such as floods and wildfires. It will be interesting to see how this plays out and how companies define materiality around climate risk and emissions. https://lnkd.in/e-fxh8Ze

The SEC has approved a new rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors, requiring SEC-listed companies to report on greenhouse gas emissions and climate-related risks. As companies prepare for compliance with phased adoption based on filer status, it's crucial to conduct gap analyses and develop remediation plans. Let's stay ahead in addressing climate impacts and providing investors with the transparency they seek. #SEC #ClimateDisclosure

Following the adoption of U.S. Securities and Exchange Commission (SEC) rules for climate disclosure, the pressure is on for public companies to accelerate their plans to capture, measure, and disclose emissions data. We’re here to help you report with confidence. Learn more about the five steps to prepare for SEC climate disclosure requirements. https://ow.ly/iaIq50QSoy2 #ESG #ClimateDisclosure #Sustainability

Preparing for the new SEC climate disclosure requirements? we can help.

Exciting to see a variation of the SEC’s initial March '22 proposed climate-related disclosure rules come to fruition. The requirement for large and other certain accelerated filers to report scope 1 and 2 emissions (if material) and a phased-in assurance requirement on those disclosures made the "cut." Great high-level resource with preparatory tips for those impacted registrants below:

I may be an IFRS specialist but I and all multinational groups need to be aware of this. It will, at the very least, have an impact on global thinking about climate impacts and disclosures even if your company is not directly reporting in the US.

Is your company prepared for the U.S. Securities and Exchange Commission’s mandatory climate rule? Our latest article has vital information on the compliance expectations for public companies, including greenhouse gas emissions reporting, financial statement disclosures, and more. Private companies aren’t off the hook either, read more to find out why.

Is your company prepared for the U.S. Securities and Exchange Commission’s mandatory climate rule? Our latest article has vital information on the compliance expectations for public companies, including greenhouse gas emissions reporting, financial statement disclosures, and more. Private companies aren’t off the hook either, read more to find out why.

The SEC climate disclosure rules are now finalized - it's been a long road and many comment letters (24,000!). There is a lot to unpack, but we've issued a brief summary of the major requirements and how they differ from the SEC's original proposal. Spoiler: Scope 3 emission disclosures are not mandatory under SEC rules.