A number of media outlets (such as this Politico article and this Forbes piece) are reporting that the SEC Commissioners are reviewing a draft of the adopting release that would finalize the SEC’s climate disclosure rules that were proposed a few years ago. There hasn’t been an announcement to calendar an open Commission meeting to adopt the rules – but rumors indicate it could be as soon as sometime in March. Of course, rumors often prove to be incorrect – so we shall see.

And this Reuters article goes even further and reports on the rumor that the final rule might not include a Scope 3 disclosure requirement. That would not be a surprise, as SEC Chair Gensler has indicated over the past few months that investors were split over their desire for Scope 3 disclosures.

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Photo of Allison Handy Allison Handy

Allison Handy is the firmwide co-chair of the Corporate & Securities practice. Her extensive experience includes advising public and private companies in connection with corporate governance practices, disclosure issues, and capital markets transactions, such as equity offerings, debt offerings and tender offers. She…

Allison Handy is the firmwide co-chair of the Corporate & Securities practice. Her extensive experience includes advising public and private companies in connection with corporate governance practices, disclosure issues, and capital markets transactions, such as equity offerings, debt offerings and tender offers. She is also a leader of the firm’s Environmental, Social, and Governance advisory team.

Allison provides counsel to companies on a broad range of issues faced by management and directors in connection with the many compliance aspects of securities laws, including governance rules adopted by the Securities and Exchange Commission (SEC) and stock exchanges. She advises boards and committees in matters related to internal investigations and the efforts of shareholder activists, and works closely with in-house counsel, financial personnel, and outside auditors and advisors to help her clients prepare proxy statements and other reports to investors that meet complex disclosure obligations.