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Through enhanced corporate reporting, EY can support finance teams to meet demands for high-quality enhanced financial and nonfinancial information.
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Collaboration is important because no single department or person can cover the tasks required for sustainability reporting to be incorporated into regulatory filings. In many cases, it is a shared responsibility, with sustainability teams learning leading practices for data collection and reporting from the finance professionals. In turn, the finance teams can learn about the Greenhouse Gas Protocol and other technical subject matters from the sustainability professionals who have been collecting this information historically.
Some of the largest asset managers have nuanced views about climate reporting and the SEC proposal.
While many people assume that investors were unanimous in supporting all aspects of the SEC climate disclosure proposal, some of the largest asset managers had some differences of opinion. For example, some asset managers were in favor of mandating disclosure of greenhouse gas emissions in regulatory filings across the full range of Scope 1, 2 and 3 emissions.