One detail of new sustainability reporting requirements that gets overlooked is the enormous data challenge that comes along with those new reporting requirements.
The SEC has has scheduled a vote on the Climate Related Disclosure Standards for March 6. However, the CRDS reporting may be optional and without Scope 3.
Reports claim that the SEC has removed Scope 3 from the Climate Related Disclosure Standards, a move that will help it withstand inevitable legal challenges.
According to reports, the SEC is internally circulating the final draft of the Climate Related Disclosure Standards, indicating that a vote is imminent.