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 …
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 …
Canada’s Roadmap to Net Zero Emissions and Sustainable Economic Growth Canada is on a mission to grow its economy while achieving net-zero emissions by 2050. To achieve their goals, Canada’s Department of Finance has determined they need between $125 and $140 billion of annual investment. However, navigating the complex landscape of sustainable investing can be …
California continues to lead the way in corporate climate accountability across the United States with the previous passage of SB 253 and SB 261 (now Sections 38532 and 38533 of the Health and Safety Code). These regulations are set to reshape how large public and private companies report their GHG emissions and climate-related financial risks. …
Overwhelmed with GHG Emissions Accounting? Partner with Full Scope Insights for Expert Solutions As companies face increasing pressure to accurately account for their greenhouse gas (GHG) emissions, many struggle to navigate the complexities of emissions reporting. At Full Scope Insights (FSI), we specialize in the intricacies of Scope 1, 2, and 3 emissions accounting and …