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SEC’s New Democrat Backs Corporate Emissions Reporting Plans

Oct. 17, 2022, 4:07 PM

The SEC must listen to investor demands for companies to disclose their carbon footprints, especially greenhouse gas emissions from their direct operations and power usage, Democratic Commissioner Jaime Lizarraga said Monday.

Lizarraga expressed his support for Securities and Exchange Commission plans to require corporate reporting of what are known as Scope 1 and 2 emissions in his most extensive remarks on the proposal since he became a member in July. Absent from his comments was a clear endorsement for disclosures about supply chain emissions, known as Scope 3; the SEC has been tussling with companies over whether Scope 3 ...