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SEC Amends Greenhouse Gas Disclosure Requirements

03/11/2024

The Securities and Exchange Commission (SEC) has amended proposed regulations requiring public traded companies to disclose greenhouse gas emissions.  Scope 1 emissions that are directly produced and Scope 2 comprising indirect emissions associated with the use of energy in operations will have to be disclosed.  Scope 3 requirements that arise from suppliers to the company concerned were removed from the Rule. 


This would mean that a public traded company producing a packaged food product would be required to disclose Scope 1 and Scope 2 emissions of greenhouse gases arising from manufacture of products including direct use of energy. They would not have to take into account greenhouse gas emissions from agricultural operations supplying ingredients used in the manufacture and packaging of food products.

There is considerable opposition to the SEC disclosure rules that have yet been finalized.