# Digging into the SEC climate disclosure rules

- Show: [Catalyst](https://hardwarepodcasts.com/podcast/catalyst)
- Published: 2024-03-21
- Length: 32m
- Page: https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules

## Summary

Mallory Thomas, a risk advisory partner at Baker Tilly US, discusses the SEC's final climate disclosure rules, explaining that the removal of Scope 3 emissions reporting significantly reduces the burden for smaller companies while maintaining a focus on Scope 1 and 2 data and climate risk. She contrasts the US's single materiality approach with the EU's Corporate Sustainability Reporting Directive (CSRD), which mandates double materiality, and notes that California’s existing laws often make the SEC rules redundant for large multinationals. Thomas highlights that the primary value of the SEC rule is standardizing reporting for comparability among investors, rather than mandating emission reduction targets, and warns that the patchwork of state-level regulations like those in New York and Illinois will create complex compliance challenges for companies operating across multiple jurisdictions.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=6) Introduction: SEC Rule Overview and Scope 3 Removal
- [3:29](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=209) Global Context: CSRD, California, and Double Materiality
- [6:53](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=413) SEC Mandate: Scope 1, 2, and Climate Risk Disclosures
- [8:34](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=514) The Impact of Removing Scope 3 on Data and Smaller Companies
- [10:25](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=625) Climate Risk: Physical Risks, Transition Plans, and Board Oversight
- [13:30](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=810) California’s Supremacy and the Patchwork of State Regulations
- [16:31](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=991) Carbon Accounting Platforms and Assurance Requirements
- [20:44](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=1244) Investor Ecosystem, Ratings, and the Disincentive to Set Goals
- [27:49](https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules#t=1669) Board Expertise and the Future of Climate Disclosure

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Quality & yield](https://hardwarepodcasts.com/topic/quality-and-yield)
- [Intellectual property](https://hardwarepodcasts.com/topic/intellectual-property)

## Most relevant to

early-stage companies

## Mentioned

- Baker Tilly US (company)
- SEC (other)
- CSRD (other)
- California (other)
- Energy Hub (company)
- Bloom Energy (company)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/catalyst/2024-03-21-digging-into-the-sec-climate-disclosure-rules. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to Catalyst.