Betty Huber quoted in American Banker on SEC's climate disclosure rules
Davis Polk ESG and Environmental co-head Betty Huber was recently quoted in American Banker discussing the SEC's climate disclosure rules and their potential impact on banks. Betty noted that it is difficult for all industries to measure and track their Scope 3 emissions, but for some industries it’s harder than for others. Many U.S. banks that lend primarily to small businesses do not collect Scope 3 emissions data, which means it would be challenging for them to disclose data that they don’t have, she explained.
“Why SEC's climate disclosure rules could hit banks hardest,” American Banker (July 2, 2021) (subscription required)