Comment Section for SEC adopts climate disclosure rules, giving carbon accounting startups firm footing | TechCrunch

The SEC (U.S. Securities and Exchange Commission) has adopted new climate disclosure rules, which require public companies to report some of their greenhouse gas emissions and their exposure to risks from climate change. These rules primarily concern Scope 1 and 2 emissions, which are produced as a result of direct operations and energy use. Scope 3 emissions, indirect pollution generated through supply chains or customer product usage, are not included. Although these regulations don't apply to private companies like startups, they do provide opportunities for startups specializing in carbon tracking, accounting, and management. This decision by the SEC is viewed as a step towards catching up with other large economies like China and the EU, which already have greenhouse gas reporting requirements.