SEC’s Green Disclosure Rule May Be Subtle Yet Significant Shift For CRE When the Securities and Exchange Commission released a 500-plus-page proposal for green disclosure rules last week, it kicked off what is expected to be a significant shift in corporate reporting around environmental and climate risks. But some of the most transformative aspects of the proposal, especially for commercial real estate, have been assigned few specifics — specifically the rules and regulations around reporting physical climate risks and indirect emissions, such as those created by materials suppliers. 
Billy Grayson, executive director of the Urban Land Institute's Center for Sustainability and Economic Performance, said both physical risks and what are known as Scope 3 emissions are defined in “phenomenally vague” language in the proposal as aspects that need to be reported…  Read the full story here. | 
