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The rules will require certain companies to report their Scope 1 and 2 emissions, those that result from direct operations and energy use, but omits Scope 3 emissions, or pollution that they generate indirectly, including throughout their supply chains or when customers use their products or services.
In adopting the new rules, the SEC is playing catch-up with other large economies, including China and the EU, which both have greenhouse gas reporting requirements. While the new rules are significantly watered down from what was first proposed, they still represent a stake in the ground: Disclosures related to emissions and climate risk are going to become key data points for which investors can evaluate companies.
https://techcrunch.com/2024/03/06/sec-climate-rule-vote/?tpcc=TCdailynewsletter
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