SB 253 and SB 261 would be first-in-the-nation laws meant to pull back the curtain on emissions and climate risks.
After a hard-fought battle, the California Legislature passed the second of two nation-leading corporate climate accountability bills yesterday afternoon. The bills, SB 253 and SB 261, are important transparency measures that would, for the first time, allow Californians to meaningfully assess the carbon footprint of thousands of companies—and what those companies plan to do about …CONTINUE READING
How can we make climate pledges something more than cheap talk?
Companies across many different economic sectors have announced ambitious goals like being climate neutral by 2050. Commitments on ESG – Environmental, Social, and Corporate Governance — are a growing corporate emphasis. Talk is cheap, however. How can we know they’re serious? How can we even be sure that the information they release about their environmental …CONTINUE READING
In an important but under-reported development, the Obama has shifted policy on corporate reporting of climate risks. According to Greenwire, In a policy reversal long sought by shareholder advocates, the U.S. Securities and Exchange Commission ruled yesterday that investors can directly call on public companies to describe the financial risks they face from global warming. …CONTINUE READING