The Securities and Exchange Commission Climate Regulations and the Amazon

In 2017, the Financial Stability Board‘s Task Force for Climate-Related Financial Disclosure (TCFD) released a set of recommendations for climate-related disclosures in financial filings. The framework has since become the de facto global standard for the financial sector to report on climate risks. More recently, the US Securities and Exchange Commission (SEC) has proposed rule changes that would require companies to include climate-related disclosures in their registration statements and to submit periodic reports. Should the new SEC financial regulations also cover the forest and land use sectors, and not just industrial emissions? How could such requirements benefit Amazon? Climate Advisers is a climate think tank and advocacy organization that specializes in forest conservation and other natural climate solutions. Join us to learn about their reactions to the proposed SEC rules and their recommendations for investors during the commentary period closing soon. Together, we will explore why the forest, food, and land sectors have an outside impact on climate/deforestation and what the SEC can do to help. We’ll analyze the significance of “Scope 3” (3rd-party supplier) emissions, the benefits of mandatory reporting, options for incorporating nature-based solutions, and finally, the opportunities for standardizing sector-specific metrics and strategies. Join the conversation with Matt Piotrowski, Senior Analyst, Climate Advisers.

Recorded May 9, 2022

References:

SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors

Tackling Deforestation and Protecting Investors: Material Financial Risks from Tropical Commodities

First Climate Adviser Commentary on SEC Climate-Related Financial Regulations

Chain Reaction Research Applies TCFD-aligned Framework to Assess Deforestation Risks