Multinationals Face US Climate Rules Falling Shy of EU Standards

Multinational companies will need to go far beyond the reporting required in the climate rules the SEC is set to approve this week to meet European Union sustainability requirements that will apply to global firms beginning in 2028.

The US Securities and Exchange Commission has scheduled a March 6 vote to consider final rules that would require companies to disclose their greenhouse gas emissions. Chair Gary Gensler has said he hopes the US requirements will be compatible with European reporting rules known as the European Sustainability Reporting Standards. Those EU standards, however, will require companies to report so-called Scope 3 ...