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.

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Key Talking Points:

What are the basics of the proposed rule (1:35)

Breaking down Scope 1, Scope 2 and Scope 3 emissions (2:17)

The SEC departs a bit from “materiality” (3:02)

Key nuggets of the proposed rule (4:31)

Important things companies should be doing NOW to prepare (5:59)

The challenge of reporting physical climate risk (7:59)

Data, data and more data (9:50)

The proposal is about more than just greenhouse gas emissions (11:47)

A closer look at Scope 3 (13:08)

The role shareholders might play in shaping the future ‘materiality’ (19:39)

Will this rule cause companies to shy away from setting Scope 3 goals? (20:27)

Navigating a new form of ‘vendor risk’ (22:34)

Why planning ahead for this reporting matters (25:48)

Will this rule change the makeup of individual boards? (29:40)

More resources from Vinson & Elkins

Proposed SEC Climate Disclosures: What’s happening and what are the implications for companies?

The SEC’s Climate-Disclosures Proposed Rule – Eight Key Takeaways

More resources from PwC

SEC Climate Risk Disclosures: What it means for companies and what business leaders should do next

The SEC wants me to disclose what? The SEC’s climate disclosure proposal

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