A sharply divided U.S. Securities and Exchange Commission approved a climate disclosure rule Wednesday after yielding in part to staunch opposition from industry groups who claimed it would be challenging for public companies to disclose greenhouse gas emissions by entities in their supply chain.
The commission’s party-line vote of 3-2 followed SEC Chair Gary Gensler’s explanation that the agency dropped that proposed disclosure reguirement, known as Scope 3, “at this time.”