On March 21, 2022, the Securities and Exchange Commission (SEC or “the Commission”) proposed a rule to enhance and standardize regulated companies’ disclosure of climate-related risks in registration statements and annual reports. The rule calls for registrants to include information on both “climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition,” and a series of greenhouse gas metrics – including Scope 3 emissions – beginning as early as fiscal year 2023. FMI – the Food Industry Association appreciates the opportunity to offer comments on this rulemaking and our view of how it will impact member companies.

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