The SEC's Climate Related Disclosure update and what it means for Innovo

The SEC released its long awaited "final rule" for companies to be transparent in their climate-related activity. Lets summarize each point:

1. It is a requirement to disclose any known climate risk that impacts a changes strategy and operations..

2. A company must reveal any changes made to financial estimates and assumptions when mitigating climate risks.

3. An in depth review of their scope 1 and 2 emissions along with a clear outline of costs used towards carbon offsets and RECs

This new ruling is a big step towards transparency in the public markets as it pertains to climate change. Much like the SEC, Innovo Markets is ensuring increased transparency within the REC markets for companies reducing their scope 2 emissions. As regulation continues to support public companies in their transition to being green by 2040, Innovo will be there to support this movement, and empower companies alike to efficiently buy RECs to meet their business needs.

To learn more, check out the full statement by the SEC: :https://www.sec.gov/files/33-11275-fact-sheet.pdf