SEC adopts landmark climate rule — here's what that means for public companies
For the first time, US public companies will be required to tell investors about their exposure to climate risks and greenhouse gas emissions.
On Wednesday, the Securities and Exchange Commission approved requiring US-listed companies to communicate how they are managing material risks related to climate change and how those risks affect their bottom lines. Large companies will also be required to disclose their direct emissions from their operations and energy use, known as Scope 1 and Scope 2 emissions.
