Decoding the SEC rules’ new GHG emissions reporting requirements

The SEC’s new climate-related disclosures rules include new required disclosures on greenhouse gas (GHG) emissions reporting and assurance will be required.

In this episode, host Heather Horn sits down with Marcin Olewinski, a Trust Solutions partner, to unpack the key GHG emissions reporting requirements in the SEC’s new rules and to share insights for companies navigating the intersection among regulatory reporting requirements globally.

In this episode, you’ll hear:

• 2:20 - An overview of GHG emissions reporting requirements under the new SEC rules
• 7:30 - A discussion of the materiality qualifier for GHG emissions reporting and judgments involved in assessing materiality of nonfinancial information
• 14:30 - Insights on the notable changes between the proposed and final rules as well as a breakdown of the key requirements, including:
• 15:05 - Considerations for navigating the requirements for electing and reporting organizational boundaries
• 19:50 - A discussion of the requirements on operational boundaries and considerations for classifying direct and indirect emissions
• 21:41 - Insights on measurement of GHG emissions, including considerations for disclosing inputs, assumptions, and calculation methodologies
• 33:58 - An overview of filing requirements, including timing and assurance considerations 
• 36:23 - Final advice for companies preparing to adopt the new SEC rules and seeking to navigate interoperability with other regulatory requirements

Looking for the latest developments in sustainability reporting? Tune into to our prior podcast (https://viewpoint.pwc.com/dt/us/en/pw...) for a primer on GHG emissions reporting. Additionally, follow this podcast on your favorite podcast app and subscribe to our weekly newsletter (https://www.pwc.com/us/en/preference-...) to stay in the loop for the latest thought leadership on sustainability standards.

For more information specific to the SEC’s climate disclosure rules, read our In brief (https://viewpoint.pwc.com/dt/us/en/pw...) summary and comprehensive In depth (https://viewpoint.pwc.com/dt/us/en/pw...) publications.

Note: On March 15, 2024, the US Court of Appeals for the Fifth Circuit temporarily stayed the rules. Next steps, including the timing and location of a potential hearing, are unclear.

Marcin Olewinski (  / marcin-olewinski-a4a565  )  is a partner in PwC’s Trust Solutions practice, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he is focused extensively within PwC’s National Office on greenhouse gas and sustainability reporting.

Heather Horn (  / heather-horn  ) is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected] (mailto:[email protected]) .