Cathy Clarkin, co-head of S&C’s Capital Markets Group, spoke to Agenda about the SEC’s proposed climate disclosure rules and how they might shift before they take final form, which is expected in the first quarter of 2023.
Cathy discussed the difficulty in predicting what the final rules may look like, including the controversial reporting requirements for Scope 3 emissions. Cathy noted the SEC has several options to moderate Scope 3 requirements, “from making the disclosures voluntary to limiting disclosures to those that are material and more easily quantifiable.”
She also pointed to the potential exposure companies may face from mandatory climate change disclosures without a meaningful safe harbor.
Read “Boards Brace for Climate Rule Clarity – Experts Say It’s Coming Soon.”