On February 28, 2024, the SEC announced it will consider final rules for climate-related disclosures on March 6, 2024. A link to the announcement and agenda is here.
While the SEC has not yet posted the full text of the final rules, we expect that the final rules will not include requirements for companies to report their Scope 3 emissions, which come from indirect sources such as consumers or supply chains.
The US Chamber of Commerce, National Association of Manufacturers, American Farm Bureau Federation, West Virginia Attorney General Patrick Morrisey (R) and others have warned of potential lawsuits challenging the rules.
KMK will publish a summary of the rules after they are released.
KMK Law articles and blog posts are intended to bring attention to developments in the law and are not intended as legal advice for any particular client or any particular situation. The laws/regulations and interpretations thereof are evolving and subject to change. Although we will attempt to update articles/blog posts for material changes, the article/post may not reflect changes in laws/regulations or guidance issued after the date the article/post was published. Please consult with counsel of your choice regarding any specific questions you may have.
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PartnerMark Reuter advocates for business clients in transactions, proceedings and conflicts regulated by federal and state securities laws and stock exchange rules. A partner in the firm’s Business Representation & Transactions ...
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