CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues. Share details of your survey with us: editor@corporatecomplianceinsights.com.
Nearly 99% of 500 biggest U.S. companies voluntarily disclose Scope 3 emissions
As the SEC’s climate disclosure rules for public companies remain tied up in a legal fight, more than three-quarters (76%) 3,000 of the largest U.S. companies mentioned climate change as a risk in their annual financial reports, according to a new report from Diligent, a GRC software provider.
Diligent’s report, which features insights from Glass Lewis and Clarity AI, reveals several trends, including that companies are pressing forward on climate reporting despite the status of the SEC’s rules, which the agency voluntarily paused pending the outcome of lawsuits. The report also reveals that in some cases, companies are going even further than what was required by the SEC: About 99% of the 500 largest U.S. companies voluntarily disclosed Scope 3 emissions in 2022 and/or 2023, the report said. Scope 3 reporting was notably absent from the final disclosure rules, which the SEC approved in March.
Many of those companies may be obligated to follow other regulatory requirements, such as those in California and the EU regardless of…
