Diving Into the SEC's Proposed Climate Disclosure Rules

While the comment period for the Securities and Exchange Commission's proposed rule on climate-related disclosure has been extended into June, the proposal offers a solid hint as to how the final rulemaking might take shape. Jamie Gamble, Managing Director at PwC, and Maggie Peloso, Partner at Vinson & Elkins, join the show to dig into the details of the proposed rule and offer tips on what companies should be doing now ... yes, right now ... to prepare for the final rulemaking.Key Talking Points:What are the basics of the proposed rule (1:56) Breaking down Scope 1, Scope 2 and Scope 3 emissions (2:38)The SEC departs a bit from "materiality" (3:23)Key nuggets of the proposed rule (4:52)Important things companies should be doing NOW to prepare (6:20)The challenge of reporting physical climate risk (8:20)Data, data and more data (10:11)The proposal is about more than just greenhouse gas emissions (12:08)A closer look at Scope 3 (13:29)The role shareholders might play in shaping the future 'materiality' (20:00)Will this rule cause companies to shy away from setting Scope 3 goals? (20:48)Navigating a new form of 'vendor risk' (22:55)Why planning ahead for this reporting matters (26:09)Will this rule change the makeup of individual boards? (30:01) More resources from Vinson & ElkinsProposed SEC Climate Disclosures: What’s happening and what are the implications for companies?The SEC’s Climate-Disclosures Proposed Rule – Eight Key TakeawaysMore resources from PwCSEC Climate Risk Disclosures: What it means for companies and what business leaders should do nextThe SEC wants me to disclose what? The SEC’s climate disclosure proposalSign up for Modern Money SmartBriefFollow this show on Twitter @ModernMoneyPod