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.

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Persons: “, ” Michael Littenberg Organizations: U.S . Securities, Exchange, Reuters, Ropes & Gray