Washington, D.C. — Today the International Sustainability Standards Board (ISSB) voted to include Scope 3 emissions disclosures in the global baseline for climate-related disclosure. BPI, along with other trades, has commented to the ISSB on the standard, noting that mandatory Scope 3 disclosures are premature given significant data and methodological challenges.
Lauren Anderson, BPI senior vice president and senior associate general counsel, issued the following statement in response:
Requiring Scope 3 emissions disclosures now will undermine risk-based investment decisions and create an overly aggressive international baseline that many nations would unlikely follow, leading to less convergence.
About Bank Policy Institute.
The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.