PwC
Casey Herman is US ESG Leader at PwC.
The U.S. Securities and Exchange Commission recently proposed its climate-change disclosure rule. It's an understatement to call it a huge deal for investor-owned utilities, as it brings more attention to ESG, and even more attention to almost all utilities do.
Under this rule, the utility 10K starting in 2023 and thereafter would look considerably different than it does now. Information might be required on climate-change impacts on operations and finances, risks, and emissions, in the categories called Scopes 1, 2, and 3.
Utilities have been somewhat ahead of this, as EEI and AGA developed detailed templates for member utilities to disclose climate-change information in ways that ESG investors understand. The SEC rule would require utilities to work harder to provide more climate-change data.
PUF sat down with one of the industry's experts to decipher what the proposed SEC rule would mean for IOUs. Here is PwC's US ESG Leader Casey Herman.
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