ESG and climate disclosure
ESG and climate disclosure requirements for the Energy, Power & Commodities sector are no longer aspirational guidance. The U.S. Securities and Exchange Commission's climate disclosure rule, currently under legal challenge but partially operative, requires scope 1 and 2 emissions reporting from large accelerated filers, while the European Securities and Markets Authority and the U.S. Commodity Futures Trading Commission have each issued sector-specific guidance touching commodity trading firms with EU nexus or derivatives exposure. Compliance teams in this sector are actively reconciling domestic SEC obligations against the Corporate Sustainability Reporting Directive's double-materiality standard, a gap that does not resolve itself cleanly.
Watch
- SEC climate rule litigation outcome: which disclosure provisions survive vacatur
- CSRD double-materiality scope for non-EU energy firms with EU operations
- CFTC voluntary carbon market guidance and fraud enforcement posture
- California SB 253 and SB 261 deadlines for energy companies doing business in-state
Recent material activity in Energy, Power & Commodities
Active monitoring in place across Energy, Power & Commodities. Material developments related to esg and climate disclosure will appear here as they are published.