- March 8, 2024
- Posted by: legaleseblogger
- Category: Related News
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Small businesses see positive impact from Scope 3 removal
WASHINGTON, D.C. (March 8, 2024) ÔÇô The National Federation of Independent Business (NFIB), a prominent small business advocacy organization, has released a statement applauding the SEC’s decision to eliminate the Scope 3 requirements from its final rule:
“Small businesses across the nation can now breathe a sigh of relief following the SEC’s alignment with NFIB’s suggestion to remove the Scope 3 requirements from its final rule,” remarked Beth Milito, Executive Director of NFIBÔÇÖs Small Business legal Center. “The implementation of Scope 3 would have mandated SEC-regulated companies to monitor indirect carbon emissions, subjecting numerous small business proprietors to a burdensome and expensive reporting framework. Moreover, this requirement surpasses the authority bestowed upon the SEC by Congress. Aligning with NFIB’s counsel to discard this unconstitutional provision from the final rule reflects wisdom on the SEC’s part. This marks a triumph for NFIB members and small businesses nationwide.”
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