
The Securities and Exchange Commission's (SEC) new climate disclosure rules, requiring public companies to report climate-related risks including Scope 3 emissions that account for 87% of the food industry's carbon footprint, have sparked a series of legal challenges. These rules have been met with opposition, particularly from the livestock industry, represented by Lucrezia Tincani of FAIRR, and small and medium-sized businesses, despite some final changes aimed at placating these groups. A series of lawsuits challenging the SEC's authority to mandate these disclosures, supported by Republican-led states and a business group, have been consolidated and will be reviewed by the conservative-leaning Eighth Circuit court. This consolidation comes after the Fifth Circuit restored the SEC's climate disclosure regulations, which had been paused earlier in the month. The litigation and regulatory pushback highlight the contentious nature of mandating climate risk reporting in the corporate sector.
Emissions Are Not a Material Risk to Investors or Companies, SEC’s Climate Disclosure Rule Is https://t.co/gqfed8pXSy
The Fifth Circuit restored the SEC's climate disclosure regulations on Friday after it paused the rules earlier this month. https://t.co/O8ZKxGYkeY
Litigation over whether the SEC can require public companies to disclose their greenhouse gas emissions will be consolidated and reviewed by the conservative-leaning Eighth Circuit. https://t.co/vhMeCPjCUn








