Watershed

Exciting news: we’ve raised a $100M Series C, led by Greenoaks, and with participation from Kleiner Perkins, Sequoia Capital, and other existing investors. We’re full speed ahead on our mission to accelerate the climate economy. We now work with companies that manage an estimated 479 million tonnes of carbon dioxide equivalent––more than the annual emissions of France. We’re proud to support them on their work to reinvent their businesses for a zero-carbon world. Read more about what we have in store for our next chapter >> https://lnkd.in/eDZXzCwS

Watershed has hosted some fantastic policy webinars recently, and California's new climate disclosure rules have been a consistent topic of conversation. We get lots of questions form sustainability leaders about the CCDAA, so thought it would be helpful to call out some answers to common questions, highlighted by the experts on our webinars: 1?? The clip from Rob Jackson below is an excellent summary of the key point on the US elections. Not only are the California rules still happening, they have become even more important in the absence of the SEC's disclosure rule. 2?? The CCDAA is subject to a local legal challenge. But as Senator Scott Wiener said on last week's webinar - The defence feel very good about their case. Rob also explained the key differences with the SEC legal challenge, and the weaknesses of the case against the CCDAA. For companies, don't let it distract you from your compliance efforts, which need to start now if they haven't already. 3?? You can use reporting for other regulations to comply with the CCDAA, if you're covering the correct data disclosures. In practice, that means you can use reporting for most other regulations, and certainly the EU's CSRD. But, we are waiting on the local regulator (CARB) to set out how that will work in practice, so for now it's best to assume you'll need to create separate reporting for the CCDAA. #CCDAA #sustainability #climatedisclosure

How will the 2024 US elections shape corporate sustainability? ?????? In our recent webinar on this topic, we asked attendees whether they expect the results of the US elections to impact their company’s sustainability program. Here’s what they said: ?? ????% – No significant change. ? ????% – Unsure. ? ????% – Yes, we haven’t yet made changes, but I expect we will.? ? ??% – Yes, we have already made changes. What about you? Do you expect your company’s approach to sustainability to change? And if yes, how? Learn how experts are preparing for potential shifts in #sustainability policy in our recorded webinar featuring Rich Powell and Robert J. Jackson, Jr.: https://lnkd.in/gBSsxCKj

?? Ready for ESG reporting in 2025? Here are five key steps to streamline your approach and meet new standards with confidence. Our new 2025 sustainability disclosure guide for companies covers these steps and dives deeper into essential updates, from #CSRD to #ISSB to California’s new climate laws, helping your team stay ahead in a changing landscape. Download the guide here: https://lnkd.in/gZMRtDPE

You can now sign up for a monthly policy briefing from our Head of Policy, Matthew Fisher. ??

2025 will redefine ESG reporting—is your business ready? Join us on December 10 at our CSRD Summit, where industry leaders, policymakers, and CFOs will help you prepare for a new era of finance-grade ESG reporting. Learn from global industry leaders shaping its future: Mark Carney – UN Special Envoy for Climate Action & Finance Graeme Pitkethly – Former CFO of Unilever Sylvie Goulard – Professor of Practice at SDA Bocconi School of Management, Former MEP & Deputy Governor, Banque de France Taylor Francis – Co-founder of Watershed Anna Cerf – Head of CSRD at Watershed Key topics will include: ?? How to elevate ESG data to meet CSRD standards ?? Strategies to reduce reporting time ?? Policy insights and predictions for the future Register today: https://lnkd.in/gvP_RPvi #CSRD #ESG #Reporting

Last week I spoke with Senator Scott Wiener, the architect of California’s climate disclosure law (the CCDAA), about the future of climate disclosure in the US.?(Link to event recording in the comments.) With the change of leadership in Washington, non-federal actors will again be the key players in the climate economy.?The CCDAA, for example, will require US companies that do $1B+ in business in California to report scope 1 and 2 emissions starting in 2026. Beyond regulation, economic incentives—from cheap clean energy, customers, and investors—will motivate corporate action on sustainability. Companies with major purchasing power will continue to build new markets for climate solutions. On November 25, we’re excited to keep the conversation going with two more climate policy experts: Rich Powell, a leading voice for conservative policies to accelerate climate solutions; and Robert J. Jackson, Jr., a former SEC Commissioner. Sign up to join us here: https://lnkd.in/gzXnqcPg

This #CDP reporting cycle, we're proud to say that CDP used Watershed to calculate and report on its own emissions. Nearly 25,000 companies worldwide disclosed environmental data via CDP in 2024—and the data shows that companies taking this step reduce their direct emissions by 7-10% within just two years. We've long admired CDP for the outsized impact it has on advancing sustainability standards. This year CDP became a Watershed customer, and we couldn't be more thrilled to support its sustainability goals. Learn more ?? https://lnkd.in/gcdwTBPg

What does the 2024 US election mean for corporate sustainability? Join us on November 25 for an actionable conversation about the potential impact of the results on climate policy and corporate ESG.? We’re bringing together two leading voices to help you navigate what’s next for your business: ?? Robert J. Jackson Jr – Former SEC Commissioner and expert on climate risk data in financial markets and global climate disclosure policies? ??Rich Powell – CEO of the Clean Energy Buyers Association and advocate for bipartisan climate solutions?? The discussion will cover: - US policies that could shift under the new administration - What’s likely to stay consistent globally - How to adapt your sustainability strategy and communicate with your team Don’t miss this critical conversation—register to save your spot today: https://lnkd.in/gBSsxCKj ? #Sustainability #ClimatePolicy #USElection?

2025 is a game-changer for #ESG disclosure and corporate sustainability. With new policies like the ISSB standards and EU’s #CSRD becoming mandatory, how will your business adapt? Our new guide, "Sustainability disclosure for companies: 2025 edition," helps you stay prepared. Download now and get the insights you need to stay ahead: https://lnkd.in/gZMRtDPE