Jurisdiction
For products sold in USA
Law Summary
The US Securities and Exchange Commission (SEC) adopted rules enhancing and standardizing climate-related disclosures. These require US public companies to report on climate risks impacting their business, governance strategies, risk management, and material Scope 1 & 2 greenhouse gas emissions for larger filers. Implementation is currently stayed pending court review.
Law Obligation
- Companies must report their global energy use and carbon emissions in annual reports.
- Organizations must disclose energy efficiency actions taken during the reporting year.
- Businesses must include intensity metrics relating to emissions.
