Why GHG Reporting Matters Now More Than Ever Companies investing in GHG emissions reporting today aren’t doing so merely to meet regulatory requirements, they are gaining a measurable competitive edge. As the global economy shifts toward transparency and carbon accountability, early movers in scope 1, 2, and 3 reporting unlock operational efficiencies, reduce financing costs, …
Refresh on SB 253 California’s Climate Corporate Data Accountability Act (SB 253) requires U.S. companies doing business in California with annual revenues exceeding $1 billion to publicly disclose their greenhouse gas emissions. The law mandates scope 1 and scope 2 emissions reporting starting in 2026, with scope 3 disclosures required in 2027. All reported emissions …
Corporate sustainability has evolved significantly over the decades. While many companies have made genuine commitments through comprehensive reporting and environmental initiatives, there has been an ongoing challenge around connecting these efforts to measurable business impact. A critical transformation is now underway as companies increasingly re-focus on what is financially material to their operations, fundamentally changing …
Overview Launched in 1998, the Greenhouse Gas Protocol (GHGP) is the predominant global greenhouse gas accounting Guidance, used by organizations of all sizes and geographies. GHG regulations, from California’s SB 253 to the EU’s CSRD, all accept the use of the GHGP for carbon accounting and reporting. Since 2015, the GHGP’s Scope 2 Emissions Guidance …
Greenhouse gas (“GHG”) emissions accounting, attesting, and reporting isn’t just a Fortune 500 issue anymore. Middle-market firms are increasingly expected to know their scope 1, 2, and 3 GHG emissions figures. The middle market is fielding a growing volume of sustainability data requests from customers, investors, and financial institutions. Most, if not all these requests …
The California Air Resources Board (CARB) hosted a workshop on May 29, 2025 to outline its approach to implementing California’s pending climate disclosure requirements, with attendees from five continents demonstrating the global interest in California’s approach. What’s Being Required and When SB 253: Companies doing business in California with annual revenues exceeding $1 billion will …
This week, California Governor Gavin Newsom announced his proposal to extend the state’s landmark cap-and-trade program for GHG emissions through 2045. The extension was included in Governor Newsom’s revised budget for 2025–26 and seeks to secure the program’s role as a cornerstone of California’s climate strategy. The announcement timing is based on the approaching expiration …
When evaluating the accuracy of your greenhouse gas (GHG) emissions reporting, consider it through the same lens as financial accounting under GAAP standards—where precision, transparency, and consistency are fundamental to credibility. Just as financial misstatements can erode investor confidence and trigger compliance risks, incomplete or imprecise emissions data can undermine trust and expose firms to …
In a move to continue progress on increasing transparency and accountability in corporate GHG emissions reporting, the states of New York and Colorado have recently introduced legislation that closely resembles California’s Senate Bill (SB) 253, also known as the Climate Corporate Data Accountability Act. California’s SB 253, passed in 2023, requires companies with over $1 …
INTRODUCTION Calculating, disclosing, and reducing greenhouse gas emissions generated from the exploration and production of hydrocarbons remains a hot topic and focus area of many operators, regulators, investors and increasingly informed downstream customers. The U.S. oil and gas (“O&G”) sector has made significant strides in reducing emissions intensity which we analyze as a measure of …