Green Groups Decry SEC’s Climate Disclosure Rule as Too Weak
With Scope 3 emissions excluded, companies won’t have to disclose the bulk of their carbon pollution to investors.
Lawmakers including Colleen Davis, Delaware’s state treasurer, center, hold a news conference on the new SEC climate disclosure requirements in Washington, on March 6.
Photographer: Valerie Plesch/BloombergAnother piece of the Biden administration’s sweeping policy response to climate change fell into place Wednesday, when the US Securities and Exchange Commission voted to approve highly anticipated climate disclosure requirements for public companies.
Environmental advocates long pushed for such disclosures. But their immediate response was largely negative, with many saying the rule falls far short of what’s needed and leaves investors lacking crucial information about climate risks.