Women-owned small businesses may be s secret weapon in the supply chain, especially in light of the SEC's new climate risk disclosure rules. Companies could leverage them to gain a range of benefits, while complying with those new rules, Kristina Wyatt said. She oversaw developing these SEC rules.
... [+]Women-owned small businesses may be the secret weapon in the supply chain, especially in light of the Securities and Exchange Commission’s new climate risk disclosure rules., expected to be released in their final form any day now, will affect almost every business decision publicly-traded companies make.
, who oversaw the team developing these SEC rules as Senior Counsel for Climate and ESG to the Director of Corporate Finance.Screenshot of SEC Climate disclosure rules factsheet These new climate rules will require detailed disclosure about the financial impact of climate change on their business – from where they get their electricity and energy from, to the carbon emissions of their operations, down through their supply chains and beyond. Importantly, that data will need to be verified in their audited financial statements.
The financial impact of climate change is on vivid, heart-wrenching display in the massive devastation of homes, businesses, and communities from Hurricanes Ian and Fiona. Hurricane Ian alone is estimated to have caused aboutInvestors need “good, reliable information” on climate impacts, but it’s not that easy to get
The days of reporting only selective climate-related information in their voluntary corporate responsibility or sustainability reports are over, and they will need data from their small suppliers too.
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