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Doing business in California? Get ready for a tough new greenhouse gas emissions-dislcosure law. California Senate Bill 219 seeks to require that companies doing business in the state disclose their carbon emissions at three levels of their supply chains: Scope 1, directly generated by a given company; Scope 2, from purchases of energy, and Scope 3, from supply chain partners over which the buyer lacks direct control. That’s going to be a tall order to fulfill — one that promises to directly affect some 10,000 companies, and indirectly many more.
So how to respond? On this episode, we hear of a three-part roadmap for compliance from Chad Spitler, chief executive officer and founder of Third Economy , a sustainable investment research and consulting firm. Meanwhile, however, some regulatory bodies, such as the European Union and U.S.
Securities and Exchange Commission, appear to be backing away, at least temporarily, from a Scope 3 reporting requirement. Does that mean companies can take their eye off the ball? Not a chance. Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain .
Show notes: A posting from Third Economy : “Time Is Running Out: Are You Ready for California’s New Climate Disclosure Rules?”.
