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SEC's Supply Chain Climate Disclosure Proposal May Be Tweaked, Securities Attorneys Say

National Law Journal spoke to Members David Adams and Jacob Hupart on the SEC’s proposed Climate Rule and the rocky future facing Scope Three,  its planned requirements for public companies to disclose greenhouse emissions produced in their supply chains.

David said, “Scope Three reaches so far into other private companies that are not SEC registrants that it potentially gets shakier as you try to justify why the SEC would have jurisdiction.”

Jacob said, “If there is a larger company that needs to report Scope Three or anticipates needing to report Scope Three, that is going to provide pressure on companies up and down its chain of distribution.”


National Law Journal