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SEC recognizes farmers' concerns, extends comments on climate rule

Article-SEC recognizes farmers' concerns, extends comments on climate rule

National Pork Board Windbreak on Farm.jpg
Proposed regulation would mandate publicly-traded companies to report on their carbon emissions.

The National Pork Producers Council was pleased with the recent decision by the Securities and Exchange Commission to extend the comment period to June 17 on its reporting requirements proposal on climate change-related information from publicly-traded companies and their customers, suppliers and distributors.

"NPPC thanks Chairman Gensler and the SEC for recognizing the concerns of farmers and the challenges they face in understanding and commenting on the commission's lengthy Climate Disclosures rule," says NPPC's Chief Executive Officer Bryan Humphreys. 

The SEC responded to an NPPC-led letter signed by 119 other agricultural organizations asking for additional time to review and comment on the proposed regulation, noting that farmers were not normally regulated by the SEC and needed to fully understand the implications of the rule.  

"Pork producers have a powerful story to tell and are proud of their extensive record of environmental stewardship and the industry's leading-edge efforts to achieve carbon neutrality," Humphreys says. "The additional time provided by the SEC allows farmers to provide more valuable information to the Commission as it continues to work on developing its disclosure rule."

In late March, the SEC voted 3-1 to advance the climate-reporting rule, publishing the more than 500-page proposal in the April 11 Federal Register, with a comment period set to end May 20. The proposed regulation would mandate publicly-traded companies to report on their carbon emissions and other climate-related information, providing risk analyses, goals and other potentially sensitive company data, as well as similar information from any companies with which they do business.

NPPC will continue to work with its partners and the SEC to provide industry sustainability information.

Source: National Pork Producers Council, which is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.

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