The Impact of the Omissions Rule on Supply Chains

Boundaries Cause us to Thrive

• On March 21st, the Security and Exchange Commission (SEC), issued proposed climate-related disclosures. The rules were proposed for publicly traded companies that report to the SEC.
• The SEC is proposing these rules to protect investors because they felt that the current rules did not adequately protect investors when it comes to climate-related risks.
• “The SEC wanted to bring less fragmentation into the way that you report and how they report.” -Gaida
• SustainaBase provides a climate accounting platform for brands, software companies, and governments. Giada has been tracking this disclosure for quite some time, so it's not a big shock to her or others in the industry.
• These climate disclosures are going to be tied to a line item in a financial statement, and that's really a great thing for investors to be able to see because they can assess a company based on how they're planning for this transition in the world, and how they're planning for climate risks.
• “I believe it's going to become just like any other compliance measure.” -Gaida

Associated Links:

• Learn more about Gaida Zirkelbach and SustainaBase
• SECs Press Release 
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• Listen to our other episodes of Future Commerce
• Tune into Infinite Shelf Season 2!

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