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Be Prepared for the Proposed US SEC GHG Reporting Requirements with SEC Sustainability Reporting Software - Powered by Ecometrica.
US SEC Reporting

Be prepared for the proposed US SEC GHG Reporting requirements


The United States Securities and Exchange Commissions’ (US SEC) proposed rules would see significant changes for publicly listed companies. Should the proposal be finalised, affected companies will be expected to disclose Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions.
 

Make sure you stay ahead of the curve with Sustainability Reporting Software - Powered by Ecometrica. 

 

Reporting rules are likely to change with US SEC Regulation

What will the US SEC's proposed climate disclosure rules mean for publicly listed businesses?

If the proposed rules are brought into force, the reporting landscape will change dramatically. Currently, many businesses engage in voluntary sustainability reporting – the proposed changes would shift this to mandatory climate reporting for thousands of listed companies.  

 

Gathering US SEC GHG data is to be come mandatory

New US SEC GHG reporting requirements could be on the horizon

The proposed US SEC GHG reporting rules are designed to standardise disclosure in order to provide investors with consistent and comparable climate-related financial information.  

These disclosures would have to be reported in a consistent manner as part of standard SEC reports. 

Gathering the data alone is a time-consuming, difficult job. With so much uncertainty, how can you make the process easier for your business early on?

Stay ahead of any new SEC ESG reporting requirements with our sustainability reporting software

Helping companies meet their sustainability data reporting obligations with confidence for over 15 years. 

 

Stay ahead of any new SEC ESG reporting requirements with our sustainability reporting software
  • Robust scope 1, 2 and 3 emission reporting with results broken down at the level proposed by the SEC. 
  • Our expert analysts are on hand to provide assistance throughout the process, including quality assurance and target-setting assistance. 
  • Access to our regularly updated emission factor database means you only have to focus on gathering organisational data. 

 

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How our software can help you comply 

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EXPERT ADVICE

Our expert analysts have experience helping customers meet various global sustainability reporting obligations.

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EMISSION FACTOR DATABASE

We source and verify the quality of emission factors in our constantly updated database, so you don't have to.

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SECURE, CENTRAL STORAGE FOR DOCUMENTATION

All your evidence files, data and associated documentation in one place, ready for audit.

Frequently asked questions

What are the proposed SEC climate-related disclosure rules?

The SEC released a proposed rule on climate disclosure in March 2022 affecting listed companies in the United States. The rule would bring in new requirements for greenhouse gas emissions tracking and climate risk reporting. It sets out to make reporting practices consistent and comparable to meet investor demand for decision-useful information. 

The proposed rule is built around the Task Force for Climate-Related Financial Disclosures (TCFD) recommendations across the themes of Governance, Strategy, Risk Management, Metrics and Targets, as well as the Greenhouse Gas (GHG) Protocol for emissions reporting. 

Listed companies in the U.S. would need to report their physical climate risks under various scenarios as well as scope 1 and scope 2 emissions, with scope 3 being phased-in for material sources. 

The proposed rule sets out that SEC registrants would be mandated to include the climate-related disclosures in a separate section of Form 10-K annual reports. Finally, the requirements would apply to registration statements such as initial public offerings. 

As of December 2023, finalization of the proposal has been delayed until Spring 2024.

What is TCFD?

Task Force for Climate-Related Financial Disclosures. The TCFD has developed a framework to enable companies to effectively disclose climate-related risks and opportunities through their existing reporting processes.

What is a ‘base year’?

In GHG reporting and accounting, a year chosen as a basis against which future emissions are compared. 

What are ‘Scope 3’ emissions?

There are three emissions scopes, based of the Green House Gas Protocols (GHG) Corporate Standard. Scope 3 are indirect emissions which result from all other activities and sources that occur in the value chain of the reporting company not covered in scope 2. This includes business travel, commuting, waste, and 3rd party deliveries.

Reporting of all scope 3 emissions is typically not mandatory, unless the organisation is subject to a regulation such as the CSRD in the EU. This may become mandatory under the proposed SEC climate ready and sec greenhouse gas emissions disclosure rules.

SUSTAINABILITY REPORTING COMPLIANCE MADE EASY

Ready to put your business in the best place to meet these reporting challenges? Then lets talk.

When you speak with one of our in-house experts, you will see exactly how our software can simplify the reporting process.  

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