U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency's long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed. At issue are so-called Scope 3 emissions that account for greenhouse gases released in the atmosphere from a company's supply chain and the consumption of its products by customers, according to people familiar with the conversations. In March 2022, the SEC proposed requiring publicly listed companies to disclose climate risks, including their Scope 3 emissions when they are "material" and when companies have set reduction targets for them.
The New Zealand dairy co-operative has set its on-farm emissions target following lengthy discussions with farmers. Its approach mirrors that of other dairy giants, but is it optimal for tackling climate change?