SEC’s Climate-Disclosure Rule Isn’t Here, but It May as Well Be, Many Businesses Say – WSJ

A sweeping U.S. climate-disclosure rule isn’t yet in place, and it is sure to face legal challenges when it is, but many companies have begun assessing greenhouse-gas emissions from parties in their supply chain as if it were.

The Securities and Exchange Commission’s rule—which would require public companies to report climate-related risks and emissions data, including so-called Scope 3 emissions that come from a company’s supply chain—is expected to be brought in soon. The agency issued the proposal in March 2022 as President Biden’s efforts to address global warming through legislation stalled in Congress.

Source: SEC’s Climate-Disclosure Rule Isn’t Here, but It May as Well Be, Many Businesses Say – WSJ