Supply Chain Sustainability Remains Top Priority
Critical sustainability developments have occurred this year for companies in the supply chain, logistics and material handling industries. At the top of the list is the Securities and Exchange Commission (SEC) rule on emissions, which after being approved was put on hold while litigation plays out. Additionally, global geopolitical risks threaten to exacerbate supply chain costs and emissions output as companies go to great lengths to avoid conflict hotspots.
SEC Emissions Rule
After a two-year process, this spring, the SEC approved requirements related to public company disclosures about greenhouse gas emissions and risks. However, there was a critical change to the 2022 SEC rule’s original proposal, which excludes Scope 3 emissions reporting timelines—for now.
While the SEC rule was paused in April 2024 while litigation plays out, some form of Scope 1 and Scope 2 emissions reporting along the lines proposed is likely to be implemented in the future…
