Standards · SEC rule

SEC climate disclosure rule

Quoted as a named reference: The SEC climate disclosure rule, quoted on the supply points in the United States with its stay recorded. The register cites 5 of its 25 clauses, behind 1 finding: green tariff with no instrument named, and on the rows of every supply point it reaches.

Requirement text quoted from the standards themselves, published at compliance.theartofservice.com, the same publisher as this register, read against the held text of each standard: our statement of each clause, not the instrument verbatim. Source framework: SEC climate disclosure rule.

Clauses cited

5 of 25

SEC rule item 12 Targets and Goals Disclosure

If the entity has set any climate related target or goal that has materially affected or is reasonably likely to materially affect business, results of operations, or financial condition, disclose the target scope, time frame, baseline, progress, and any use of carbon offsets or renewable energy certificates.

Evidence an auditor accepts: Approved target documentation including baseline year; Progress tracking workbook; Carbon offset purchase and retirement records
Common gap: Target lacks baseline and methodology
Framework page: SEC climate disclosure rule

SEC rule item 13 GHG Scope 1 Emissions Disclosure

For large accelerated filers and accelerated filers (excluding smaller reporting companies and emerging growth companies), disclose Scope 1 emissions if material, expressed in metric tonnes of CO2 equivalent, with disaggregation by constituent gas. Note that the final rule provisions on GHG disclosure were stayed in April 2024 pending judicial review.

Evidence an auditor accepts: Scope 1 GHG inventory workbook; Constituent gas breakdown (CO2, CH4, N2O, HFCs, PFCs, SF6, NF3); Materiality assessment for emissions disclosure
Common gap: Inventory aggregated without constituent gas detail
Framework page: SEC climate disclosure rule

SEC rule item 14 GHG Scope 2 Emissions Disclosure

For applicable filers, disclose Scope 2 emissions if material, expressed in metric tonnes of CO2 equivalent. Note: stayed in April 2024 pending litigation outcome.

Evidence an auditor accepts: Scope 2 inventory using location based method; Documentation supporting method selection; Utility bills and metered consumption logs
Common gap: Market based method used without supporting energy attribute certificates
Framework page: SEC climate disclosure rule

SEC rule item 15 GHG Emissions Methodology and Assurance

Disclose the methodology, significant inputs, and significant assumptions used to calculate GHG emissions, and obtain attestation reports of limited assurance, escalating to reasonable assurance for large accelerated filers per the phased compliance schedule. Note: stayed in April 2024.

Evidence an auditor accepts: GHG methodology document; Inputs and assumptions log; Attestation engagement letter
Common gap: Methodology pointed to standards without entity specific application detail
Framework page: SEC climate disclosure rule

SEC rule item 17 Carbon Offsets and Renewable Energy Certificates Financial Statement Effects

If carbon offsets or renewable energy certificates have been used as a material component of the entity's plan to achieve climate related targets or goals, disclose the aggregate amount of carbon offsets and RECs expensed and the aggregate amount of capitalized carbon offsets and RECs recognized as an asset on the balance sheet.

Evidence an auditor accepts: Offset and REC purchase and retirement registry extracts; General ledger detail for offsets and RECs; Capitalization policy
Common gap: Capitalized offsets without impairment testing
Framework page: SEC climate disclosure rule

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