The Securities and Exchange Commission (SEC) has ruled on listed companies making climate disclosures.

Listed companies will now need to provide greater disclosures on climate risks to inform investors of threats and climate changing actions, in particular Scope 1 and 2 emissions.

However, Scope 3 emissions are excluded,following heavy lobbying, and the climate-disclosure requirements are sifgnificantly watered down from those proposed in March 2022

Currently climate discloses are voluntary, and US companies can avoid them, but in future emissions and supply chain impacts too would need to be reported.

In this the US lags behind countries including the UK, EU and even China, although some individual states have moved forward with such requirements.

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