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WASHINGTON DC - The American Apparel & Footwear Association (AAFA) is urging the US Securities and Exchange Commission (SEC) to give companies more time to meet new rules on disclosing climate change risks to investors.

AAFA, which represents more than 1,000 brands and retailers, says it welcomes the SEC's move to require companies to measure and report emission reduction targets across Scopes 1, 2, and in some cases, 3 - their global supply chains.

However, it urged the US government agency to give companies an extra one to three years before having to report their Scope 1 and 2 emissions, and another 18 months on top of that, for Scope 3 emissions.

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