This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
viewpoints
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

SEC Proposed Climate Disclosure: Verification

An aspect of the proposed climate disclosure rule released by the U.S. Securities Exchange Commission on March 21, 2022 focuses on "attestation" requirements in the proposed rule for Scope 1 and Scope 2 GHG emission disclosures.  This is a verification of emissions requirement by a third party and the SEC is actively seeking input on how to establish independence of that third party - speak now, those who will have to attest.

With respect to the issue of “impairment” of a third party provider’s independence, the SEC is requesting comment on whether it should simply require that the third-party be independent according to the standard under 1505(b), or some other standard, or alternatively whether the agency should develop new guidance on what constitutes impairment

Tags

esg

Latest Insights