Many Farm Bureau members are concerned the Securities and Exchange Commission’s proposed rule on greenhouse gas emission reporting could burden farmers.
The proposed rule, The Enhancement and Standardization of Climate Related Disclosures for Investors, would require a public company to report emissions from its value chain.
American Farm Bureau and other agricultural groups recently submitted comments and recommendations to the SEC including removing the “value chain” concept from the proposed rules, revising the Scope 3 emissions disclosure requirement to allow for agriculture exemptions, removing the requirement that registrants provide disclosures pertaining to climate-related targets and goals; revising the proposed rules so that disclosures of greenhouse gas emissions operate in unison with existing federal emissions reporting programs, and ensuring a final rule doesn’t include location data disclosures for greenhouse gas emissions.
