SEC to Revise Climate Disclosure Rule, Eases Emissions Reporting

The U.S. Securities and Exchange Commission is anticipated to release a climate-risk disclosure rule with less comprehensive greenhouse gas emissions requirements for public companies than originally proposed, potentially representing a victory for business groups and drawing criticism from progressives. The rule is expected to exclude a mandate for reporting emissions from suppliers and customers, and may ease reporting requirements for emissions from a company's operations and energy usage. The SEC is considering tying disclosures to their material importance to investors, and the rule is expected to face potential legal challenges.