PLASTICS recently submitted comments to the U.S. Securities and Exchange Commission (SEC), strongly urging SEC to reconsider a proposal to mandate climate-related disclosures in registration statements and periodic reports.
Of particular concern are “Scope 3” emissions, which are those generated by companies with which a reporting company does business. Many of those are smaller, private companies that are not required to make SEC disclosures, do not have data collection capabilities, and would have to make significant investments in technology and third-party services in order to have them. PLASTICS pointed out that those costs represent an undue burden and could eventually make their way to customers.
The association's comments also addressed the difficulties of Scope 3 reporting for companies working with partners outside the U.S. that currently do not gather information on greenhouse gas emissions.
Pointing out that there are already companies providing such disclosures voluntarily, PLASTICS encouraged SEC to work with agencies such as the Environmental Protection Agency on providing reporting guidance to those companies, rather than mandating across-the-board disclosures.
To learn more about the entire scope of PLASTICS' comments to the SEC, please contact Marie Gargas, Senior Technical Director of Regulatory Affairs.
EHS+ Committee Has Its Regulatory Radar
on All Year Long
Did you know the U.S. Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions just came out? Your EHS+ Committee does and it's just one of the tools they use to stay ahead of what’s going on at places like EPA and OSHA. Their job is to monitor, evaluate and weigh in on environmental, occupational safety and health, and product regulatory matters that may impact your operations and products. Committee members also share information and best practices for fostering continual improvement. Be part of the conversation!
Omnigreen has more than 25 years experience in the manufacture of films and plastic packaging. Based in Mexico, they were created in 2017 with a circular economy model, allowing them to recycle post-industrial low-density polyethylene using European technology.
Vac-U-Max is a leader in the design and manufacture of pneumatic conveying components and automated bulk material handling systems for conveying, weighing, and batching of powders and granular bulk materials.
Nutmeg's specialty is the coating and polishing of molds and dies that produce plastic and rubber parts used in industries including automotive electronics, firearms manufacturing, consumer packaged food containers, plastics molding, sporting equipment, and medical procedure tools.
Blend Colours supplies masterbatches and compounds for the plastics industry, offering a range of products such as additive, black, white, colour, oxygreen, PET, PP and special effect masterbatches, as well as single pigment concentrates and fillers.
With over 20 years of experience, MG+M approaches litigation as a unified team, integrating their efforts with those of their clients. They have 13 offices from coast to coast, and a vast local counsel network that can rapidly respond to litigation demands anywhere in the country.
B.S. in Criminal Justice. Double minor in Law and Police Science. Peter Daood of Royce Global doesn’t have the kind of resume you’d expect to find at a plastic colorants company, but slow-turning municipal gears changed the course of Peter’s career path. Meet Peter on the PLASTICS blog.
Plastics Industry Association, 1425 K Street NW Suite #500, Washington, DC 20005, United States, 202.974.5200
