In the United States, the issue of climate occupies a prominent place in public and political debate. To guide political actors and organizations in their actions and reports related to this crucial subject, clear and coherent guidelines are essential. This climate policy and reporting guide aims to provide essential information, practical recommendations, and concrete tools to support efforts to combat climate change.
American companies are facing increasing regulation regarding climate disclosures and ESG measures. Among the many ongoing initiatives, those from the Securities & Exchange Commission (SEC) are particularly significant.
The SEC Climate-Related Disclosures is a highly anticipated rule still being debated across the United States. These rules will have a significant impact on companies that will be required to report ESG metrics and climate disclosures according to the policies in place.
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ToggleEmerging Climate Policies
In addition to the SEC rules, several other laws and initiatives are beginning to influence climate guidelines in the United States. Among these are the Clean Competition Act, as well as the Californian laws SB 251 & 263.
These regulations all aim to strengthen companies’ obligations regarding climate reporting. Their goal is to create a transparency environment to better assess each company’s environmental impact.
Preparing for ESG Reporting
For companies, it is essential to start preparing now for these new climate requirements. The first step is to establish a robust ESG reporting program.
Here are some key steps to prepare your organization:
- Assess current policies and regulations.
- Establish systems to collect necessary data.
- Train employees on new requirements.
- Create a team dedicated to regulatory compliance.
Useful Resources
For companies looking to comply with the new regulations, there are several useful resources. FigBytes offers a free guide to understand current and emerging climate policies in the United States. This guide includes key timelines and practical advice to help companies prepare.
List of Key Policies and Regulations
Policy/Regulation | Description |
SEC Climate-Related Disclosures | Requires companies to disclose their climate impacts. |
Clean Competition Act | Federal legislation aimed at reducing carbon emissions. |
SB 251 & SB 263 | Californian legislations strengthening climate requirements. |