How companies should prepare for the SEC’s climate disclosure rules

While the comment period for the Securities and Exchange Commission’s proposed rule on climate-related disclosure has been extended into June, the proposal offers a solid hint as to how the final rulemaking might take shape. Jamie Gamble, Managing Director at PwC, and Maggie Peloso, Partner at Vinson & Elkins, join the show to dig into the details of the proposed rule and offer tips on what companies should be doing now … yes, right now … to prepare for the final rulemaking.

Key Talking Points:

• What are the basics of the proposed rule (1:56)
• Breaking down Scope 1, Scope 2 and Scope 3 emissions (2:38)
• The SEC departs a bit from “materiality” (3:23)
• Key nuggets of the proposed rule (4:52)
• Important things companies should be doing NOW to prepare (6:20)
• The challenge of reporting physical climate risk (8:20)
• Data, data and more data (10:11)
• The proposal is about more than just greenhouse gas emissions (12:08)
• A closer look at Scope 3 (13:29)
• The role shareholders might play in shaping the future ‘materiality’ (20:00)
• Will this rule cause companies to shy away from setting Scope 3 goals? (20:48)
• Navigating a new form of ‘vendor risk’ (22:55)
• Why planning ahead for this reporting matters (26:09)
• Will this rule change the makeup of individual boards? (30:01)

More resources from Vinson & Elkins

Proposed SEC Climate Disclosures: What’s happening and what are the implications for companies?

The SEC’s Climate-Disclosures Proposed Rule – Eight Key Takeaways

More resources from PwC

SEC Climate Risk Disclosures: What it means for companies and what business leaders should do next

The SEC wants me to disclose what? The SEC’s climate disclosure proposal