corporate climate action
The SEC’s Watered-Down Climate Rule
Now that the SEC has approved its limited climate disclosure rule, the spotlight is back on California’s more stringent disclosure laws that still need backing.
After months of discussion, the U.S. Securities and Exchange Commission (SEC) voted 3-2 to adopt climate reporting standards that will mandate publicly-traded companies disclose some of their greenhouse gas emissions. The SEC’s rule was proposed way back in 2022, and the initial draft would have required companies to disclose their “Scope 3” supply chain emissions, …
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CONTINUE READINGA Green Tint for Rio Tinto
It’s not just a U.S. thing. Shareholder worries about climate risks are global.
Rio Tinto historically has been far from an environmental paragon. That made an investor revolt last week over the giant mining company’s climate disclosures especially notable. It’s also notable that this took place in London, showing that investor worries about climate change are worldwide. These are people with real money at stake, unlike conservative politicians …
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