SEC Gives Until 2024 for Greenhouse Gas Disclosure Scrutiny (2)

The largest U.S. companies would have at least a one-year reprieve before they would have to bring in an auditor or outside expert to review their greenhouse gas reporting, under a climate proposal the Securities and Exchange Commission unveiled Monday.

The draft rules, which the commission voted 3-1 to put out for public comment, would require the largest U.S.-listed companies to report direct and certain indirect carbon emissions and to obtain assurance, a third-party review of those metrics, beginning with fiscal year 2024—one year after the rules’ proposed effective date, according to information released by the SEC.

Those outside ...