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 …
Climate risk and opportunity assessments, commonly known as Task Force on Climate-Related Financial Disclosures (TCFD) reports, have become crucial tools for businesses to navigate the complex landscape of climate change and position themselves for long-term financial success. These assessments are also increasingly being woven into regulations around the globe, including in California, where businesses with …
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 …
Introduction In today’s business landscape, transparent disclosure of sustainability performance has become a critical driver of trust and differentiation. Customers, investors, and other stakeholders are increasingly demanding credible evidence of a company’s ESG commitments as they seek to align with responsible partners. Platforms like the Carbon Disclosure Project (CDP), Sustainalytics, and EcoVadis have emerged as …
Investors rely on data that is consistent, comparable, decision-useful and accurate to inform their investment decisions. With sustainability issues increasingly intertwined with business strategy, ESG data analysis is increasingly commonplace. According to a recently released study by the global professional services firm, EY, 43% of investors now employ full-time sustainability analysts and 25% anticipate significant …