IADC issued a public statement regarding the Securities and Exchange Commission’s (SEC) proposed requirement for energy companies to declare their Scope 1, 2, & 3 emissions:
While Scope 1 emission disclosures have begun to be incorporated into financial disclosures, “Scope 3 requirements, which involve reporting on emissions generated by a company’s suppliers and customers, are particularly complex.”
The current open comment period ends 20 May, limiting stakeholder feedback on this extremely complicating disclosure rule. Due to the magnitude of the proposed rule and the extreme number of questions the SEC is asking, IADC has also submitted a request to extend the comment period by 180 days.
