This raised doubts over whether SEC rules would survive a court challenge.
An SEC spokesperson declined to comment on Scope 3 emissions and when the climate disclosure rules will be finalized.
Even some advocates of climate action have expressed concerns about the logistical challenges of accurately calculating Scope 3 emissions.
For many businesses, however, Scope 3 emissions represent more than 70% of their carbon footprint, according to consulting firm Deloitte.
Some voluntary initiatives such as the International Sustainability Standards Board already specify that it is best practice to disclose Scope 3 emissions.
Persons:
Rebecca Cook, Gary Gensler, Joe Biden's, Biden, Gensler, Jarrett Renshaw, Douglas Gillison, Isla Binnie, Chris Prentice, Ross Kerber, Simon Jessop, Michelle Price, Greg Roumeliotis, David Gregorio Our
Organizations:
REUTERS, U.S . Securities, Exchange Commission, SEC, Union, Republican, Commission, Democrat, Deloitte, Gensler, Republican SEC, Sustainability, U.S . Chamber, Commerce, Thomson
Locations:
Detroit , Michigan, U.S, CALIFORNIA, California, Washington, New York, Boston, London