EEI Statement on the SEC’s Climate-Related Final Disclosure Rules

EEI Statement on the SEC’s Climate-Related Final Disclosure Rules

WASHINGTON (March 06, 2024) — Edison Electric Institute (EEI) Senior Vice President, Energy Supply and Finance, and Chief ESG Officer Richard McMahon today issued the following statement:

“EEI and our member electric companies support enhanced climate-related disclosures. Our members have been utilizing EEI's voluntary reporting template for greenhouse gas emissions and other ESG-related information for years to meet the needs of the investor community.

“While we still are reviewing the final rule, we appreciate that the SEC appears to have prioritized Scope 1 and Scope 2 emissions reporting, which are most relevant for investors, over Scope 3 emissions due to inherent accuracy and reporting challenges for these emissions. EEI and our members will work with the investor community and financial reporting experts to implement this important rule and to ask for clarifications from the SEC where necessary.”

Media Contact

About EEI

About EEI

EEI is the association that represents all U.S. investor-owned electric companies. Our members provide safe, reliable electricity for nearly 250 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 70 international electric companies, with operations in more than 90 countries, as International Members, and hundreds of industry suppliers and related organizations as Associate Members.