What should companies have to tell their investors about climate change risks?
The U.S. Securities and Exchange Commission will unveil its long-awaited disclosure rules tomorrow.
“The general view is that the rules will be scaled back fairly meaningfully from the original proposal,” Michael Littenberg, an attorney at Ropes & Gray, said.
For the first time, all U.S.-listed companies will probably be required to disclose significant risks posed by climate change as well as their own climate footprints, which are known as Scope 1 and 2 emissions.
rules are not expected to require companies to disclose their Scope 3 emissions, which are produced by suppliers or consumers of a company’s product.
Persons:
“, ” Michael Littenberg
Organizations:
U.S . Securities, Exchange, Reuters, Ropes & Gray