Buckeye Reporter

The American Farm Bureau Federation expressed satisfaction as the Securities and Exchange Commission (SEC) voted to exclude the Scope 3 reporting requirement from its final climate disclosure rule. In a statement, the Federation emphasized that "regulations intended for Wall Street should not extend to America’s family farms."

The SEC's decision to remove the Scope 3 reporting requirement means that public companies will not have to report the greenhouse gas emissions of their supply chain. This move came after the SEC responded to concerns raised by the American Farm Bureau Federation and the Ohio Farm Bureau.

According to the Securities and Exchange Commission, "The SEC voted Wednesday on its final climate disclosure rule and removed the Scope 3 reporting requirement, which would have required public companies to report the greenhouse gas emissions of their supply chain."

This development is seen as a win for Ohio farmers, who can now focus on their agricultural activities without the additional burden of complying with Wall Street regulations related to greenhouse gas emissions reporting.