As SEC Crafts Mandatory Rules, Key Group Urges Scope 1,2 GHG Disclosure

An industry-led group that has developed a voluntary framework for disclosing climate risks is now urging companies to disclose so-called scope 1 and 2 greenhouse gas emissions, while not requiring the disclosure of scope 3 emissions tied to consumers’ actions. The Task Force on Climate-related Financial Disclosures (TCFD) is detailing these and other recommendations in an Oct. 14 update to its guidance on companies’ climate disclosures, a move that could provide a blueprint for proposed requirements from the Securities &...