SEC Proposal
ISSB Proposal
TCFD
Disclosure to be made in a new “Climate-related Disclosure” section of issuer’s annual reports or registration statement.
Disclosure to be made within issuer’s financial reporting, with no specific location mandated.
Disclosure to be made within public annual financial filings.
Scope 1 Emissions, Scope 2 Emissions and, if material or if issuer has made an associated reduction target, Scope 3 Emissions.
Scope 1 Emissions, Scope 2 Emissions and, where material, Scope 3 Emissions.
Scope 1 Emissions and Scope 2 Emissions, and encouraged to disclose Scope 3 Emissions.
Disclosure required if issuer has undertaken scenario analysis.
Issuer required to undertake, and report on, scenario analysis unless unable to do so.
Recommended under strategy disclosure to understand how physical and transition risks may affect business, strategy and financial performance. Disclosure required of organization’s plans to transition to a low-carbon economy when the organization (or the jurisdiction in which it operates) has made GHG emissions-reduction commitments.
Disclosure required if issuer has established any climate goals or targets.
Disclosure required regarding issuer’s plans to transition to a lower-carbon economy, and associated climate targets, including explaining how such targets compare with those established under the latest international agreement on climate change, and disclosure of issuer’s proposed reliance on carbon offsets to achieve those targets.
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Governance Insights 2022
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