Companies Object to Proposed SEC Rule Requiring Them to Track Emissions Up and Down Their Supply Chains

1 year ago 66

Industry and lawmakers argue that the “Scope 3” requirement would consume immense amounts of time and money and result in wildly inaccurate estimates. Backers say the disclosures would be invaluable to investors and to speeding action on climate change.

As accusations of “green hypocrisy” are flung back and forth in the corporate world, the U.S. Securities and Exchange Commission has been inching toward a standard to help conscientious investors make informed choices. But the effort is facing plenty of opposition from industry, not to mention Republican lawmakers who oppose President Biden’s climate agenda.

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