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While the comment period for the Securities and Exchange Commission’s proposed rule on climate-related disclosure has been extended into June, the proposal offers a solid hint as to how the final rulemaking might take shape. Jamie Gamble, Managing Director at PwC, and Maggie Peloso, Partner at Vinson & Elkins, join the show to dig into the details of the proposed rule and offer tips on what companies should be doing now … yes, right now … to prepare for the final rulemaking.
Key Talking Points:
- What are the basics of the proposed rule (1:56)
- Breaking down Scope 1, Scope 2 and Scope 3 emissions (2:38)
- The SEC departs a bit from “materiality” (3:23)
- Key nuggets of the proposed rule (4:52)
- Important things companies should be doing NOW to prepare (6:20)
- The challenge of reporting physical climate risk (8:20)
- Data, data and more data (10:11)
- The proposal is about more than just greenhouse gas emissions (12:08)
- A closer look at Scope 3 (13:29)
- The role shareholders might play in shaping the future ‘materiality’ (20:00)
- Will this rule cause companies to shy away from setting Scope 3 goals? (20:48)
- Navigating a new form of ‘vendor risk’ (22:55)
- Why planning ahead for this reporting matters (26:09)
- Will this rule change the makeup of individual boards? (30:01)
More resources from Vinson & Elkins
Proposed SEC Climate Disclosures: What’s happening and what are the implications for companies?
The SEC’s Climate-Disclosures Proposed Rule – Eight Key Takeaways
More resources from PwC
SEC Climate Risk Disclosures: What it means for companies and what business leaders should do next
The SEC wants me to disclose what? The SEC’s climate disclosure proposal
