Enzo Advisors LLC

The team at Enzo Advisors LLC is beyond thrilled and honored to have such a powerful voice in sustainability join our Advisory Board. With your leadership, guidance and support, we can continue to move forward in our mission to further represent the nexus of finance, strategy and technology to help corporations and investors take on a more “ESG Mindset” to more effectively drive change, and credibly achieve their sustainability and decarbonization goals. Welcome Matthew Sekol ! Qihan Zhou Daniela Figueroa Suárez Sakis Kotsantonis Julia Veglesi #esg #sustainability #esgstrategy #esg #esginvesting #netzero #climatetransition

If your U.S. based company is doing business in California, recent updates could have significant impact. The recent enactment of California Senate Bill (SB) 219 introduces an update to the state’s corporate climate reporting requirements, originally established under SB 253 and SB 261. Together, these laws represent the first broad, industry-agnostic climate disclosure mandates for U.S. companies doing business in California, aiming to ensure comprehensive and transparent greenhouse gas (GHG) emissions reporting. This update provides essential insights into California’s newly adjusted climate disclosure laws, which continue to set a precedent for corporate transparency and global environmental standards but also require significant preparation from businesses navigating these requirements. Background on CARB and SB 253 & SB 261 Under SB 253 and SB 261, The California Air Resources Board (CARB) is tasked with drafting regulations for mandatory climate disclosures. Specifically, SB 253 requires companies meeting certain financial thresholds and with substantial operations in California to disclose their Scope 1 (direct) and Scope 2 (indirect from purchased energy) GHG emissions by 2026, with Scope 3 (supply chain and product use) emissions reporting to follow in 2027. SB 261, meanwhile, focuses on climate-related risk disclosures, mandating companies to report on their strategies to address climate risks and align with broader climate-related financial disclosure standards. Preparing for Compliance: Steps for Companies With reporting obligations beginning as early as 2026, companies likely subject to these requirements should begin preparations to ensure compliance, including: 1. Data Gathering & Emissions Calculations: Implementing robust data collection processes and emissions inventory calculations is crucial, especially for companies new to Scope 1 and 2 reporting. Scope 3 emissions, which are more complex and cover indirect supply chain and product use emissions, require longer lead times to establish measurement protocols. 2. Third-Party Assurance: CARB’s requirements may include independent verification of Scope 1 and 2 emissions, so companies should consider engaging qualified third-party auditors to validate their reports. 3. Gap Analysis: Reviewing alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) can prepare companies for risk reporting under SB 261, ensuring they meet both GHG emissions and climate risk requirements. While ongoing litigation challenging these laws could impact their future, SB 253 and SB 261 are set to proceed as of January 1, 2025. Companies should move forward with preparations, keeping an eye on potential regulatory adjustments in the coming months.

Great opportunity to hear from a key global sustainability leader this week! Registration link is below! Matthew Sekol Daniela Figueroa Suárez Qihan Zhou Julia Veglesi https://lnkd.in/e9hyMkjp #esgstrategy #sustainability #sustainabilitystrategy

What an insightful evening of fresh new perspectives at the Sustainability Investment Leadership Council (SILC)'s event on Sustainable Fashion Supply Chains: Trendsetting or Transformational last night!! Grateful to have represented my 2 firms, Enzo Advisors LLC and RG Sciences, to moderate this engaging discussion and BIG thank you to the Sustainability Investment Leadership Council (SILC) members for their insightful questions! Coming off the heels of NY Fashion Week, no better time to discuss the sustainability strategies that retailers are employing today including the need for greater traceability across supply chains and the various AI / technology solutions being implemented, to the collaboration required to implement a sustainable strategy from the ongoing review of cost / benefit implications of responsible sourcing including scalability considerations, and the need for collaboration between designers, brand executives, suppliers, NGOs and financiers to be truly engaged and incentivized to drive meaningful change across the value chain (i.e., Future Supplier Initiative). Refreshing to hear from both brand manufacturers and retailers of all types of organizations on how they account for consumer demand forecasting and balance that with future investment to further drive sustainability principles, recognizing they need to mitigate risk while create long-term value for stakeholders. To achieve full transparency and account for all environmental and social externalities, we continue to need improved data to better manage and monetize impact in a standardized fashion. Truly a transformational evening to hear from fellow panelists: Ulrika Leverenz: Head of Green Investment H&M Alexandra Baylis: Co-founder of Welles (and former designer and consultant to many luxury brands) Amina Razvi: Former CEO of the Sustainable Apparel Coalition (SAC) Meagan Downey: Founder of Shiki Wrap Thank you Heather Loebner and Elena Brill for the opportunity to moderate such a talented group of retail leaders and thank you Ropes & Gray LLP, Michael Littenberg and Sam Elliott for sponsoring our event! #sustainabilityretail #responsiblesourcing #retail #impact #supplychain #impactinvesting Julia Veglesi Sakis Kotsantonis Peter Kellner Jean W. Thomas Daniela Figueroa Suárez Qihan Zhou Matthew Sekol

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We’re #hiring a new Director of Climate Strategy in New York. Apply today or share this post with your network. Requirement: must have over 5 years of experience in building GHG carbon footprints via complex excel models for US corporates.

Thank you Forbes Finance Council for including me in your last post on "20 Ways to Mitigate M&A Financial Risks." Consideration of ESG / sustainability factors still remains of paramount importance for any M&A / deal consideration - irrespective of whether the asset is public or private and regardless of sector exposure. Discussion around material factors allows us to find opportunities to unlock value for future strategic and financial buyers, while also thinking serving as a risk mitigator tool. At Enzo Advisors LLC, we remain focused on linking these factors evaluated in any deal / transaction to understanding the financial impact to any buyer / seller in a transaction. As a boutique practice, we can offer the independent, conflict - free assessment of a fairness opinion as it pertains to ESG factors and the relevance to any deal - "why sustainability matters to the bottom line" - irrespective of whether you are a strategic or financial buyer. DM me for more details. #mergersandacquisitions #mergersacquisitions #mergersacquisitionsdivestitures #esgstrategy #sustainabilitystrategy #privateequity #privatemarkets

The SEC now expects to release its final rule for requiring companies to disclose climate-related risks like scope 1, scope 2 and scope 3 emissions and their risk management practices in April 2024. The Department of Treasury and Federal Trade Commission also have a number of upcoming rules that could affect companies’ environmental, social and governance policies, slated for 2024 as well. Article below: https://lnkd.in/eq8X_Ycn Contact Enzo Advisors LLC at [email protected] if you are: a) Interested in a complimentary, preliminary assessment of your GHG emissions roadmap today; b) Looking for a formal, unbiased independent review of your current emissions methodology to confirm alignment with regulations; c) You are a small, mid-cap or private company with limited time, budget and resources to meet the SEC time frame next year. Nancy Parmer Ruiqi Xue #climatedisclosure #emissionsreduction #climateaction