SEC

“The headlines, at least in climate world, were basically all about the fact that the final rule dropped The scope three reporting requirement.”

“In Europe with CSRD, I mean, many companies, you know, large companies are reporting, they're getting ready for CSRD. They're not even focused on this SEC piece. It's all about the double materiality, It's all about going through the materiality assessment and…”

“Well, there, I mean, there are disclosure requirements for racks and offsets within the SEC disclosure. So the final rule does include disclosing that if it's a part of how you're planning to obtain, or you have goals and targets, how you're going to get there…”

“Large accelerated filers likely have reporting that they're executing to date, so it's probably not a significant lift.”

“And then also greenhouse gas emission reporting, and that's just scope one and scope two reporting, and doesn't include all public companies. It's just large accelerated filers and accelerated filers That have to report their scope one and two.”

“SEC is here, but California is kind of probably more impactful from a private company perspective.”

“With the scope three, I think the hard part is a lot of the, it's hard to gather that data, and it's hard to, for companies, especially, you know, we think about large accelerated filers, likely a lot of them are probably already reporting scope three. Many of…”

“The one thing I think interesting that was removed but makes sense is some of the identification of board members with the climate risk background. Like, talking about and identifying if there's someone on your board who has this expertise.”

“Now, to be clear, there's nothing within the SEC disclosure that requires any kind of emission reduction, so I want to be clear about that.”