The Climate Board

See below for the 30th edition of digest, highlighting implications of Trump's re-election and COP29, which just ended. Please reach out to [email protected] if you would like to be added to our distribution list! #cop29 #inflationreductionact

See below for the 29th edition of TCB's digest, highlighting the recent biodiversity COP and biodiversity credits! Please contact [email protected] if you would like to be added to our distribution list. #biodiversity #biodiversitycredits #esg

This is your last notice to complete The Climate Board's 3-5 minute double materiality assessment (DMA) survey before it closes on October 18th. Survey participants will receive a FREE report detailing the results of the survey. To receive the report, provide your email when prompted in the survey. ? Our quick survey focuses on: decision-making, process management, DMA timelines and implementation. ? If you’ve already completed a double materiality assessment or are considering how you might start the process, we’d appreciate your input.? ? Click here to start the survey: https://lnkd.in/eS7Ubtg8

See below for the 28th edition of our digest! Please contact [email protected] or comment below if you would like to be added to our distribution list.

This special edition of our digest discusses our key takeaways from events attended at Climate Week. As always, reach out to [email protected] with any questions or if you'd like to learn more about our work! #climateweek #carbonmarkets #vcm

An Update on California’s Climate Accountability Package: Compliance Timeline Gets Tighter Companies seeking clarity in climate reporting regulations have another piece of the puzzle after California Governor Gavin Newsom signed SB 219 last week, enacting amendments to two important climate laws. As companies work to align their reporting to EU and UK mandatory disclosure requirements, they are waiting for the California Air Resources Board (CARB) to publish guidance on compliance with the state’s Climate Accountability Package. ? What laws were amended? Senate Bill 253 (the Climate Corporate Data Accountability Act) requires companies to disclose Scopes 1,2 and 3 greenhouse gas emissions; SB 261 requires the biannual reporting of climate-related financial risk. While these laws are currently the subject of?litigation, they have not been stayed. Companies are preparing to comply without yet receiving guidance from CARB, the body charged with setting out the detailed rules. ? How does SB219 change these laws? (For a discussion of all the changes and more background, Sidley has an overview here: https://lnkd.in/eDu2jUAd) The three major changes are: 1. CARB gets six more months to publish the rules. Because SB219 doesn’t change the reporting deadlines,?this shortens the time frame companies will have between the release of interpretive regulations from CARB and their submissions. 2. Subsidiary entities can use their parent company’s reporting for SB 253 GHG emissions disclosures, eliminating the need to file separately (SB 261 already permits companies to rely on parent-level reporting). 3. CARB has the authority to develop a schedule for reporting Scope 3 (supply chain) emissions. However, Scope 3 will still be required as part of 2026 data, to be reported in 2027. What to watch out for next: The legal challenges to SB 253 and 261. TCB will continue to monitor the implementation process, paying particular attention to a October 15th?court hearing for dispositive motions on the related litigation.

See below for the 27th edition of our digest, and stay tuned for our special Climate Week edition next week with our key takeaways! #climateweek #carbonremoval #esg

Is your company subject to the EU’s Corporate Sustainability Reporting Directive? Have you completed a double materiality assessment (DMA), or still wrestling with where to begin? In either case, The Climate Board wants to hear from you.? ? Many organizations are only just starting their journey in this process; we are repeatedly hearing a desire from our members to understand how their peers are thinking about double materiality. To address this, The Climate Board has developed the following survey to gather insights on corporate decision-making, process management, and timelines around the completion of double materiality assessments.? ? We’re seeking feedback from companies willing to complete our survey. The survey will only take 3-5 minutes to complete. Answers are anonymous and all participants will receive a copy of our findings to help inform your strategy.?? ? Click here to start the survey:?https://lnkd.in/eS7Ubtg8

See below for the 26th edition of our newsletter, including the opportunity to participate in a survey! Please reach out to [email protected] with any questions. #secclimaterule #climate

What's the best renewable-energy solution for your company's property??? ? Do you know whether regulations are set to demand more from your real-estate portfolio, and whether the local utility can work with you to lower your carbon footprint? Are solutions like community solar appropriate? Are there potentially lucrative incentives at the local state levels, or as part of the IRA? Are there short-term fixes to complement a long-term strategy??? ? The Climate Board has created a playbook to help you navigate this challenge. The latest release in our series on?renewable energy discusses four tactics that can help your business maximize performance, ROI, and impact when it comes to real estate.??? ?? Our members can access the full report and the rest of our series on renewable energy through their TCB login.?? If you are not a member but are interested in learning more about this playbook, we invite you to reach out to us at [email protected] or consult the request form on our website.? https://lnkd.in/gU78CfSx #renewableenergy #renewable #inflationreductionact