SEC requires US public companies to disclose climate-related risks in Scope 1 and 2 emissions, while critics argue for Scope 3, and SAP tech supports monitoring and cost reduction regardless.
The US SEC requires large public companies to disclose climate-related risks affecting their financials, operations, or strategy, including Scope 1 and 2 emissions. Critics argue the SEC's decision doesn't go far enough as it doesn't mandate Scope 3 emissions disclosure. However, SAP technology enables companies to monitor emissions, reduce energy costs, and streamline business processes, even without Scope 3 disclosure.
March 20, 2024
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