Mike Aquino

By Mike Aquino, director, ESG, International Dairy Foods Association The U.S. Securities and Exchange Commission (SEC) today voted to finalize their climate disclosure rules, which provide requirements for domestic publicly traded corporations to begin reporting on their climate-related risks, impacts, and management strategies. While the SEC initially proposed to include Scope 3 (i.e. value chain) emissions in these reporting requirements, this emissions scope is excluded from the final rules.

December 2023 By Mike Aquino, director, ESG, International Dairy Foods Association Each time a Conference of the Parties (COP) is convened, a diverse group of stakeholders from around the world comes together to discuss approaches to global climate management. These conferences are large undertakings. COP28, which just came to a close in Dubai, hosted approximately 85,000 people.

The 2020s may become known as a momentous decade in climate action. Today, more than 2,000 corporations have engaged with the Science Based Targets Initiative, and multiple regulatory bodies are advancing greenhouse gas (GHG) emissions reporting requirements. Finalization of one such rule by the U.S. Securities and Exchange Commission (SEC) is expected later this year.