Bloomberg Law
Sept. 28, 2022, 7:30 PM

SEC’s Gensler Eyes ‘Appropriate’ Climate Reporting Plan Changes

Andrew Ramonas
Andrew Ramonas
Corporate Disclosure Reporter

The SEC is willing to revise its plan to require corporate reporting on greenhouse gas emissions and other climate matters to address any valid concerns about compliance costs, Chair Gary Gensler said Wednesday.

The Securities and Exchange Commission has received pushback from some business interests and Republicans over its plan, which would require large companies to report supply chain emissions. These indirect releases, known as Scope 3 emissions, are difficult to calculate and disclose, driving up costs, companies have said.

“We need to sort through these 14 or 15,000 comments and sort through and really make adjustments where appropriate,” Gensler ...

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