Mallory Thomas discusses the SEC's decision to drop Scope 3 greenhouse gas emissions reporting from its final climate disclosure rules.
0:00 / 0:18exact quote · 18.8s
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“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 them probably are, so it's less impactful, to be honest.”
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More from Mallory Thomas
AssertionSupported
Thomas: US climate rules target financial impact while EU requires double materiality
“Everything in the U.S., even California, it's all about financial impacts. In the EU, it's much more comprehensive to understand where the impacts outside as well as what's the impact financially to your company.”
Mallory ThomasMar 21, 2024▶ 6:12Digging into the SEC climate disclosure rules
AssertionSupported
Thomas: SEC limits greenhouse gas reporting to Scope 1 and 2
“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.”
Mallory ThomasMar 21, 2024▶ 7:09Digging into the SEC climate disclosure rules
Opinion
Thomas: SEC climate rules are probably not a major lift for large filers
“Large accelerated filers likely have reporting that they're executing to date, so it's probably not a significant lift.”
Mallory ThomasMar 21, 2024▶ 12:26Digging into the SEC climate disclosure rules
Opinion
Thomas: California climate rules impact private firms more than SEC regulations
“SEC is here, but California is kind of probably more impactful from a private company perspective.”
Mallory ThomasMar 21, 2024▶ 13:21Digging into the SEC climate disclosure rules
AssertionNot checkable as stated
Thomas: Large companies prioritize Europe's CSRD compliance over SEC climate rules
“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…”
Mallory ThomasMar 21, 2024▶ 30:17Digging into the SEC climate disclosure rules
AssertionSupported
Thomas: California climate mandates require long-term Scope 3 emissions reporting
“So with California, California has scope three in the long-term range of reporting as required.”
Mallory ThomasMar 21, 2024▶ 7:21Digging into the SEC climate disclosure rules
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