Today is a momentous day for climate and sustainability in the United States. In a clear message tocapital markets, the U.S. Securities and Exchange Commission (SEC) joins major economies includingthe European Union (EU), United Kingdom (UK), Japan, Canada, China/Hong Kong, Singapore,Australia, New Zealand, India, and UAE in adopting climate disclosure requirements for public companiesand public debt. Here is a
fact sheet linking to the ruling, and here is a
link to the comments Trianglesubmitted to the proposed rule.
The SEC’s decision to institute mandatory and regular reporting of climate impact information, includingScope 1 & 2, marks an important shift in climate accountability and transparency for investors. Bothinvestors and asset managers will finally have access to consistent and comparable climate informationfrom which they can make more informed decisions and take more confident action. We are encouragedby the achievement of this requisite first step towards meeting investors' needs and coming intoalignment with international standards.
What was once a "big if and little when" has arrived, albeit without a Scope 3 reporting requirementincluded. While many will chalk the lack of Scope 3 as a victory, it won’t limit the need for Scope 3reporting from other regulatory bodies, which includes:
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