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EEI Statement on the SEC’s Final Climate-Related Disclosures Rules
EEI Statement on the SEC’s Final Climate-Related Disclosures Rules
March 2024
On March 6, the U.S. Securities and Exchange Commission (SEC) approved final rules for climate-related disclosures. EEI Senior Vice President, Energy Supply and Finance, and Chief ESG Officer Richard McMahon issued the following statement on the rules:
“EEI and our member electric companies support enhanced climate-related disclosures. Our members have been utilizing EEI’s voluntary reporting template for greenhouse gas emissions and other ESG-related information for years to meet the needs of the investor community.
“While we still are reviewing the final rule, we appreciate that the SEC appears to have prioritized Scope 1 and Scope 2 emissions reporting, which are most relevant for investors, over Scope 3 emissions due to inherent accuracy and reporting challenges for these emissions. EEI and our members will work with the investor community and financial reporting experts to implement this important rule and to ask for clarifications from the SEC where necessary.”