Green Finance, Member Exclusive

Green Finance Briefing: The new SEC proposal and fossil fuel financing

  • The SEC issued a new proposal requiring companies to begin quantifying and reporting their greenhouse gas emissions.
  • This marks a step forward for embedding climate risks into business decisions, in a time when US banks are the top financiers of the global fossil fuel industry.
close

Email a Friend

Green Finance Briefing: The new SEC proposal and fossil fuel financing

SEC proposes new climate risk disclosure regulations

Climate-related risk disclosures are one step closer to becoming a reality in the US. Last week, the Securities and Exchange Commission issued a new proposal requiring companies to begin quantifying and reporting their greenhouse gas emissions. 

This represents an important milestone in the country’s path to a sustainable economy, bringing it closer to the climate conversation in Europe about what companies should know and disclose about their carbon footprints. 

However, the proposal does not enforce disclosures on indirect emissions, referred to as Scope 3 emissions – one of the most contentious factors that continues to get strong pushback. 

Under the new regulations, Scope 1 and Scope 2 emissions, which are direct emissions resulting from a company’s general operations and energy use, would have to be disclosed. 

But things get a bit more complicated with Scope 3 emissions – the indirect emissions generated by suppliers and customers – as they are hard to quantify and have sparked many debates over how to regulate them. 


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Green Finance Briefing: The new SEC proposal and fossil fuel financing”

Green Finance, Member Exclusive

Green Finance Briefing: An intro to environmental sustainability in banking

  • For banks and financial institutions, sustainability initiatives present opportunities as well as risks, according to a new report on the current landscape of environmental sustainability in banking.
  • Sustainability is a business conversation - climate change is bound to create a shift in resources, bringing with it a reallocation of capital away from the status quo.
Iulia Ciutina | September 30, 2022
Blockchain and Crypto, Member Exclusive

Bankchain Briefing: How crypto firm Blockdaemon is bucking the “crypto bro” trend

  • This week, we explore the current state of gender equality in the crypto industry, and what firms in the space can do to counter the long-standing “crypto bro” trend and make way for a more egalitarian future.
  • We also discuss the current state of crypto regulation in the US, and look at how the lack of regulatory clarity is impacting the growth of the industry.
Ismail Umar | September 29, 2022
Member Exclusive, Online Lenders

Lending Briefing: Debit cards are taking over

  • This year, debit cards have emerged as the preferred payment method for the majority of US consumers, dethroning credit cards.
  • Younger generations are behind this switch – even though they're also getting credit cards, Millennials and Gen Zers prefer to pay with debit.
Iulia Ciutina | September 28, 2022
Member Exclusive

Why are regulators cracking down on bank-fintech partnerships?

  • A higher level of regulatory scrutiny is on the way for fintechs and the bank partners on which they rely.
  • Increased regulatory scrutiny could result in a safer and more resilient market to the benefit of consumers, says Brian Graham, partner at Klaros Group.
Lindi Miti | September 27, 2022
Innovation, Member Exclusive

Slack and Salesforce launch industry-specific digital solutions – what’s in it for FIs?

  • Slack and Salesforce have built solutions to help their customers make the most of their digital tools.
  • How will these solutions benefit financial firms?
Sara Khairi | September 26, 2022
More Articles