#climatedisclosure — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #climatedisclosure, aggregated by home.social.
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"Corporate Budgets Hold $1.3 Trillion of Untapped Climate Capital
A Dutch nonprofit analyzed about 1,600 companies worldwide and found the median share of spending currently devoted to low-carbon projects is just 7%.
Raising that figure to 30% would free up vast new pools of capital, WBA said."
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"Corporate Budgets Hold $1.3 Trillion of Untapped Climate Capital
A Dutch nonprofit analyzed about 1,600 companies worldwide and found the median share of spending currently devoted to low-carbon projects is just 7%.
Raising that figure to 30% would free up vast new pools of capital, WBA said."
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https://www.alojapan.com/1336009/japans-reforms-in-governance-legislation-nishimura-asahi/ Japan’s reforms in governance legislation | NISHIMURA & ASAHI #ActionProgramme #ClimateDisclosure #CorporateGovernance #CrossShareholding #Disclosure #esg #FSAJapan #GenderDiversity #GovernanceCode #Japan #JapanNews #JapanTopics #ListedSubsidiaries #MomoeIkemoto #news #Nishimura&Asahi #ShareholderEngagement #StewardshipCode #sustainability #TakanoriUeshima #TakaomiMiyazeki #TakeoverBidRegulations #TokyoStockExchange On 7 June 2024, t
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https://www.alojapan.com/1306028/singapore-and-japan-set-new-rules-for-carbon-credits-and-how-they-shape-asias-vcm-carbon-credits/ Singapore and Japan Set New Rules for Carbon Credits and How They Shape Asia’s VCM • Carbon Credits #Article6 #ASEANCarbonFramework #BlockchainCarbonTracking #CarbonCredits #ClimateDisclosure #COP30 #CorporateClimateStrategy #EmissionsTrading #EsgInvesting #GXPromotionAct #Japan #JapanClimateLaw #JapanNews #NetZero #news #SingaporeCarbonPolicy #SustainableFinance #VoluntaryCarbonMarkets Governments in Asia are making big changes to how…
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"Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose #climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.
The decision by the Republican-dominated U.S. Securities and Exchange Commission had been widely expected following public remarks last month by its acting chairman, Mark Uyeda."
https://www.reuters.com/business/environment/us-sec-votes-stop-defending-climate-disclosure-rules-2025-03-27/
#SEC #ClimateDisclosure -
"Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose #climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.
The decision by the Republican-dominated U.S. Securities and Exchange Commission had been widely expected following public remarks last month by its acting chairman, Mark Uyeda."
https://www.reuters.com/business/environment/us-sec-votes-stop-defending-climate-disclosure-rules-2025-03-27/
#SEC #ClimateDisclosure -
https://thehill.com/policy/energy-environment/5138697-sec-rejects-climate-disclosure-rule/
#SEC announces it will not defend #climatedisclosure rule
The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a year-old rule, rule, finalized in March 2024, which required #emissionsdisclosures in cases when that info might affect an investment decision, requiring publicly held companies to disclose #climaterisks and in some cases the details of their emissions.
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https://thehill.com/policy/energy-environment/5138697-sec-rejects-climate-disclosure-rule/
#SEC announces it will not defend #climatedisclosure rule
The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a year-old rule, rule, finalized in March 2024, which required #emissionsdisclosures in cases when that info might affect an investment decision, requiring publicly held companies to disclose #climaterisks and in some cases the details of their emissions.
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"The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and environment."
https://www.reuters.com/world/us/us-market-watchdog-aims-pause-lawsuit-over-climate-disclosures-2025-02-11/
#SEC #ClimateDisclosure -
"The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and environment."
https://www.reuters.com/world/us/us-market-watchdog-aims-pause-lawsuit-over-climate-disclosures-2025-02-11/
#SEC #ClimateDisclosure -
"The law requires companies to publish an annual "climate statement" that outlines any material #ClimateRisks they may face, and their scope one, two and three greenhouse gas emissions.
Information about any of the company's strategies, governance or risk management plans pertaining to those risks and emissions must also be disclosed."
https://www.abc.net.au/news/2025-01-02/mandatory-climate-reporting-rules-begin/104718398
#Australia #ClimateDisclosure -
"The law requires companies to publish an annual "climate statement" that outlines any material #ClimateRisks they may face, and their scope one, two and three greenhouse gas emissions.
Information about any of the company's strategies, governance or risk management plans pertaining to those risks and emissions must also be disclosed."
https://www.abc.net.au/news/2025-01-02/mandatory-climate-reporting-rules-begin/104718398
#Australia #ClimateDisclosure -
high court’s 6-3 decision gives #SEC critics another weapon to fight any moves to regulate new areas and emerging issues, inviting increased scrutiny over the connection between securities statutes and the agency’s actions.
…expanding the definition of who qualifies as a #securities dealer, testing a novel insider trading theory, regulating #crypto as a security, and…the agency adopted landmark #climatedisclosure rules that quickly drew lawsuits.
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high court’s 6-3 decision gives #SEC critics another weapon to fight any moves to regulate new areas and emerging issues, inviting increased scrutiny over the connection between securities statutes and the agency’s actions.
…expanding the definition of who qualifies as a #securities dealer, testing a novel insider trading theory, regulating #crypto as a security, and…the agency adopted landmark #climatedisclosure rules that quickly drew lawsuits.
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"Republican-led states, energy industry companies and business groups say the rules amount to environmental regulation and therefore overstep the #SEC's legal mandate.
On the other side, environmental groups including the Sierra Club and Natural Resources Defense Council have said the rules do not go far enough. A more stringent initial draft was diluted."#ClimateDisclosure
https://www.reuters.com/legal/us-sec-stays-climate-disclosure-rule-amid-legal-challenges-2024-04-04/ -
"Republican-led states, energy industry companies and business groups say the rules amount to environmental regulation and therefore overstep the #SEC's legal mandate.
On the other side, environmental groups including the Sierra Club and Natural Resources Defense Council have said the rules do not go far enough. A more stringent initial draft was diluted."#ClimateDisclosure
https://www.reuters.com/legal/us-sec-stays-climate-disclosure-rule-amid-legal-challenges-2024-04-04/ -
"If adopted, the new draft would represent a win for many corporations and their trade groups that lobbied to water down the rules. But it would also deviate from European Union rules which make Scope 3 disclosures mandatory for large companies starting this year and potentially complicate compliance for some global corporations."
#SEC #ClimateDisclosure
https://www.reuters.com/sustainability/us-regulator-drops-some-emissions-disclosure-requirements-draft-climate-rules-2024-02-22/ -
"If adopted, the new draft would represent a win for many corporations and their trade groups that lobbied to water down the rules. But it would also deviate from European Union rules which make Scope 3 disclosures mandatory for large companies starting this year and potentially complicate compliance for some global corporations."
#SEC #ClimateDisclosure
https://www.reuters.com/sustainability/us-regulator-drops-some-emissions-disclosure-requirements-draft-climate-rules-2024-02-22/ -
"In the last 21 months, agency staff, commissioners’ offices, climate activists and powerful trade associations have met dozens of times on the rule, with no clear resolution.
As the #SEC proposals have lingered, other authorities have plowed ahead on #ClimateDisclosure rules. Thousands of U.S. companies will fall under robust California mandates enacted this year and European Union regulations that went into effect in January."
https://www.latimes.com/business/story/2023-12-30/secs-ambitious-climate-agenda-stalls-as-election-looms -
"In the last 21 months, agency staff, commissioners’ offices, climate activists and powerful trade associations have met dozens of times on the rule, with no clear resolution.
As the #SEC proposals have lingered, other authorities have plowed ahead on #ClimateDisclosure rules. Thousands of U.S. companies will fall under robust California mandates enacted this year and European Union regulations that went into effect in January."
https://www.latimes.com/business/story/2023-12-30/secs-ambitious-climate-agenda-stalls-as-election-looms -
"Starting as soon as January, major #US companies that raise money on European stock exchanges will start compiling information on their #CarbonEmissions, #ClimateRisks and strategies to counter the damage.
The #SEC proposed a #ClimateDisclosure rule last year, but the agency is trying to deal with pushback from Republican lawmakers and industry groups."
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"Starting as soon as January, major #US companies that raise money on European stock exchanges will start compiling information on their #CarbonEmissions, #ClimateRisks and strategies to counter the damage.
The #SEC proposed a #ClimateDisclosure rule last year, but the agency is trying to deal with pushback from Republican lawmakers and industry groups."
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Scope 3 emissions included:
"By 2026, those companies will have to publicly disclose how much #carbon is produced by their operations and electricity use. Critically, by 2027, they will also be required to report #emissions generated by their #SupplyChains and customers, known as “#Scope3” emissions, which are highly controversial among business interests, including the #FossilFuel industry."
#California #ClimateDisclosure
https://www.theguardian.com/us-news/2023/oct/09/california-carbon-emissions-law -
Scope 3 emissions included:
"By 2026, those companies will have to publicly disclose how much #carbon is produced by their operations and electricity use. Critically, by 2027, they will also be required to report #emissions generated by their #SupplyChains and customers, known as “#Scope3” emissions, which are highly controversial among business interests, including the #FossilFuel industry."
#California #ClimateDisclosure
https://www.theguardian.com/us-news/2023/oct/09/california-carbon-emissions-law -
That sound you hear is of corporations HUSTLING to put in place their #CarbonAccounting and #ClimateRisk departments.
The SEC is not far behind California.
I look forward to seeing those rankings. A "carbon fact" on product labels would be nice, like "nutrition facts" on food labels.It's "The new dawn of a corporate climate disclosure regime with legal teeth."
#ClimateDisclosure
https://thehill.com/opinion/energy-environment/4238182-in-california-and-europe-a-new-dawn-for-corporate-climate-disclosure/ -
That sound you hear is of corporations HUSTLING to put in place their #CarbonAccounting and #ClimateRisk departments.
The SEC is not far behind California.
I look forward to seeing those rankings. A "carbon fact" on product labels would be nice, like "nutrition facts" on food labels.It's "The new dawn of a corporate climate disclosure regime with legal teeth."
#ClimateDisclosure
https://thehill.com/opinion/energy-environment/4238182-in-california-and-europe-a-new-dawn-for-corporate-climate-disclosure/ -
YES.
" #Newsom signs first-in-the-nation corporate #ClimateDisclosure bills
The laws will require large corporations operating in the state to disclose both their #CarbonFootprints and their #climate-related financial #risks."
#California
https://www.politico.com/news/2023/10/07/newsom-california-climate-disclosure-00120474 -
YES.
" #Newsom signs first-in-the-nation corporate #ClimateDisclosure bills
The laws will require large corporations operating in the state to disclose both their #CarbonFootprints and their #climate-related financial #risks."
#California
https://www.politico.com/news/2023/10/07/newsom-california-climate-disclosure-00120474 -
Both bills passed the #California Senate!
"California's state Senate on Tuesday approved a bill requiring large companies to report their #carbon footprints, sending the bill to Governor Gavin Newsom."
Californians, time to call your Governor. Even if he's inclined to sign these bills, it's still good to know you got his back on this.
#ClimateDisclosure #emissions #ClimateRisk
https://www.reuters.com/world/us/california-climate-bill-clears-senate-governor-newsom-have-final-say-2023-09-12/ -
Both bills passed the #California Senate!
"California's state Senate on Tuesday approved a bill requiring large companies to report their #carbon footprints, sending the bill to Governor Gavin Newsom."
Californians, time to call your Governor. Even if he's inclined to sign these bills, it's still good to know you got his back on this.
#ClimateDisclosure #emissions #ClimateRisk
https://www.reuters.com/world/us/california-climate-bill-clears-senate-governor-newsom-have-final-say-2023-09-12/ -
Fossil fuel subsidies hit a record $7 trillion last year (7% of global GDO) according to the IMF.
In other news...
Economists expose costs of emissions: the damage caused when publicly traded companies emit #greenhouse gases is equivalent — on average — to about 44% of their operating profits.
#climatedisclosure #CSRD #freeriders #corporateaccountability #climatechange
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Fossil fuel subsidies hit a record $7 trillion last year (7% of global GDO) according to the IMF.
In other news...
Economists expose costs of emissions: the damage caused when publicly traded companies emit #greenhouse gases is equivalent — on average — to about 44% of their operating profits.
#climatedisclosure #CSRD #freeriders #corporateaccountability #climatechange
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Companies spending a lot of money to keep their emissions hidden:
"So far this year, industry opponents have reported spending more than $7 million on state lobbying efforts that included attempting to influence or nix the #California #ClimateDisclosure bill, according to a Lever review of state records. Those opponents include gas and oil companies, which spent more than $1 million, as well as a host of less well-known #climate culprits."
https://www.levernews.com/the-climate-culprits-hiding-their-role-in-californias-extreme-weather/
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Companies spending a lot of money to keep their emissions hidden:
"So far this year, industry opponents have reported spending more than $7 million on state lobbying efforts that included attempting to influence or nix the #California #ClimateDisclosure bill, according to a Lever review of state records. Those opponents include gas and oil companies, which spent more than $1 million, as well as a host of less well-known #climate culprits."
https://www.levernews.com/the-climate-culprits-hiding-their-role-in-californias-extreme-weather/
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“I would expect a litigation challenge to be brought immediately once the final rule is released,” Jill E Fisch, a business law professor at UPenn told the Guardian. “They probably have their complaints already drafted, and they’re ready to file.”
I wonder what would happen if some lawyers on the right side indicated they are ready to sue the people who want to sue the #SEC..... I mean, two can play that game.
#ClimateDisclosure #ClimateRisk #SECrule
https://cleantechnica.com/2023/04/16/the-need-to-dig-deeper-into-corporate-climate-disclosures/ -
“I would expect a litigation challenge to be brought immediately once the final rule is released,” Jill E Fisch, a business law professor at UPenn told the Guardian. “They probably have their complaints already drafted, and they’re ready to file.”
I wonder what would happen if some lawyers on the right side indicated they are ready to sue the people who want to sue the #SEC..... I mean, two can play that game.
#ClimateDisclosure #ClimateRisk #SECrule
https://cleantechnica.com/2023/04/16/the-need-to-dig-deeper-into-corporate-climate-disclosures/ -
People, especially those in high-income countries, want companies to both
–pay for their #pollution and
– communicate on how products are madeBecause right now, those "externalised" costs are borne by the people.
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People, especially those in high-income countries, want companies to both
–pay for their #pollution and
– communicate on how products are madeBecause right now, those "externalised" costs are borne by the people.