US stock watchdog wants information about emissions from companies

The US Securities and Exchange Commission (SEC) has launched a plan that will require companies to disclose detailed information about their greenhouse gas emissions. For the first time, companies will have to outline the risks global warming poses to their operations once they file documents with the SEC. This concerns annual reports or registrations.

Larger companies will also have to provide insight not only into their own emissions, but also into the emissions of companies in their supply chain.

The proposal will be discussed within the stock market watchdog on Monday. It is expected to be accompanied by a major clash with industry lobby groups and Republican politicians. They believe that such rules do not belong to the SEC. The watchdog itself, like left-wing MPs and environmental groups, believes that small investors need that information to make informed decisions.

“For generations, the SEC has intervened when there is a strong need to disclose information relevant to investor decisions,” SEC Chair Gary Gensler said in a statement.

Auditors and other experts will have to verify the climate information.

Some companies, such as oil giant ExxonMobil, are already disclosing information about their emissions.

By Editor

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