US regulator drops some emissions disclosure requirements from draft climate rules

The U.S. Securities and Exchange Commission (SEC) has scaled back some of its ambitious greenhouse gas emissions disclosure requirements in its draft climate rules, notably dropping the requirement for U.S.-listed companies to disclose Scope 3 emissions. This adjustment marks a significant departure from earlier proposals aimed at enhancing transparency around the environmental impact of corporations. The move is seen as a concession to corporate lobbyists and a deviation from stricter European Union standards, potentially complicating global compliance efforts.