(NAFB.com) – The 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, according to the National Cattlemen’s Beef Association.

NCBA President Mark Eisele says, “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.” In 2022, the SEC proposed a rule to require publicly traded companies to release data on their direct (Scope 1), energy and electricity (Scope 2), and supply chain (Scope 3) greenhouse gas emissions. The Scope 3 requirement was concerning to the cattle industry, because numerous farmers and ranchers have their beef processed by publicly traded companies or sold by publicly traded restaurants and retailers.