Following continuous advocacy by the National Cattlemen’s Beef Association, the U.S. Securities and Exchange Commission released a limited greenhouse gas disclosure rule that omits the requirement for large publicly traded companies to release greenhouse gas emissions data from private companies in their supply chain. This type of data, known as Scope 3 reporting, could have increased burdens on family farmers and ranchers whose beef is processed or sold by publicly traded companies.
“This limited SEC rule is a win for America’s farmers and ranchers,” said NCBA President Mark Eisele, a Wyoming rancher. “Since this proposal first arose in 2022, NCBA has worked to educate policymakers on the harmful unintended consequences caused by overreaching Scope 3 regulations. The final SEC rule that omits supply chain emissions reporting entirely is a testament to NCBA’s engagement with federal agencies and Congress to defend America’s cattle producers.”