The Need To Dig Deeper Into Corporate Climate Disclosures
The SCC rule faces opposition from some business groups that point to costs and difficulties in compliance. Litigation is certain, and the SEC is weighing opposition as it finalizes the rule.The departments and various offices tally up their carbon emissions and the energy they consume as part of their company’s climate disclosures corporate report. Simple enough.
A rigorous carbon accounting process is necessary to reveal emissions hidden within product life cycles, paving the way for businesses to lower their carbon impacts. It’s time to move to new expectations where anyone who’s interested can see the actual levels of a company’s full carbon usage. As a result, companies will have to step up and change the steps that build their commodities. It’s part of global action where mandates and standardization about corporate climate disclosures are emerging.
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