SB253 is important not just for California, but worldwide, because it mandates disclosure of global emissions, including:
- Direct emissions from the company’s operations
- Emissions from their suppliers (this can be an estimate, but businesses will be asking their suppliers)
- Emissions caused by use of the company’s products (also an estimate)
Because every large company doing business in California is covered, and businesses are asking their suppliers for emissions data, we’ll end up with meaningful worldwide disclosure of corporate greenhouse gas emissions.
A lot of big firms have been tracking but not publishing this information already in anticipation that either California or the SEC will require disclosure.
There is also off-the-shelf accounting software to handle the tracking and reporting.
Small businesses aren’t required to do anything.
Whoa didn’t know they were already preparing for this in that way. Any source on that information? Or have you worked with those large companies before?
I’ve done activism alongside some of the people whose day job over the past three or so years has been to build the tracking systems. I don’t think every big company is doing this yet, but a fair number definitely are.
Cool, thanks for the info!