SEC’s proposed rule would require publicly traded companies to report their supply chain’s emissions as well as their own.
The California Cattlemne’s Association is urging members to join its fight against the U.S. Securities and Exchange Commission’s proposed rule requiring all publicly traded companies to report their greenhouse gas emissions.
Companies would not only have to report GHG emissions resulting from their own operations and energy consumption but also supply-chain GHG emissions which “are a consequence of the company’s activities,” the CCA advises in a legislative bulletin.
Cattle producers wouldn’t be subject to direct reporting requirements, but some companies that sell beef would be required to report emissions from their supply chains if those emissions are “material” or if the company has set a GHG emissions reduction target regarding these supply chain emissions, the CCA explains.
The organization urges ranchers to sign on to the National Cattlemen’s Beef Association’s petition asking the SEC not to require reporting of these supply-chain emissions.
