The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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.”
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.”
Thomas: Many Large Filers Likely Already Report Scope 3 Emissions
“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…”
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.”
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.”
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…”
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.”
Thomas: New York and Illinois propose climate rules nearly identical to California
“We're seeing other states propose, it's almost word for word, similar to California. So in New York, Illinois”
Thomas: SEC Climate Disclosure Rules Do Not Mandate Emission Reductions
“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.”
Thomas: SEC rules mandate disclosing carbon offsets used for stated climate goals
“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…”
Thomas: SEC removed requirement to identify board members with climate expertise
“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.”