On Monday, 21st March 2022, the securities regulator of the United States has launched a landmark proposal that is requiring the US-listed companies for revealing their climate related risks and the emissions of the greenhouse gases, which has been a part of a push by the administration of Joe Biden, president of the United States for the purpose of addressing the financial risks that were created by the increasing temperatures across the globe.
The rule drafted by the United States Securities and exchange Commission (SEC) should possibly help the investors for better understanding how the climate change is going to be affecting the companies in which they will investing in, but it is going to be increasing the burden for the corporations in the United States.
Among the important requirements, the companies must be revealing their own direct and indirect emissions of the greenhouse gases that are known as Scope 1 and Scope 2 emissions respectively along with the companies that has generated by the partners and suppliers.
The companies must be revealing the actual material impacts of the climate-related risks is going to have on the business of the company along with the outlook and strategy that can possibly include the physical risks along with the new regulations like the carbon tax.
The companies and the investors are alike are going to be benefiting from the clear rules of the road across the United States.
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