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Five Take-Aways From the SEC's Proposed Mandatory Climate Risk Disclosures
All filers would disclose their Scope 1 & 2 GHG emissions
Companies will not be held liable for current scope 3 estimates, & scope 3 requirements will be phased in over time
GHG & sustainability audit will be required in the coming years
Understand the two frameworks that the SEC proposal is based off of, GHG Protocol & TCFD
SEC is expected to finalize rules before December 2022 which will be put into practice between 2023-2026
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