Persefoni Expert Publications
Carbon Disclosure Mandates Are Here
Discover what carbon disclosure mandates will mean for your company
Carbon disclosure mandates are here. As of April 2022, Japan's Financial Services Agency's mandate went into effect. Not to be outdone, the U.S. Securities and Exchange Commission released its proposal for TCFD-aligned carbon disclosure mandates this March. The first three calls the SEC made for advice when drafting this proposal were to Persefoni. The e-book below is the first in a series that will provide expert advice on how you can prepare for these mandates. Set your company up for success with help from Persefoni's industry-leading experts like Tim Mohin and Rakhi Kumar.
In this e-book, you’ll learn:
The how, what, where, and why of carbon disclosure mandates
The standards and guidelines you’ll have to be aware of when making disclosures
How to start preparing for mandates with modern tools and tech
Explore Persefoni and ClimateTech
Insights, thought leadership, and the latest news on everything carbon.
What are organizational and operational boundaries?
With the recognition of climate risk as financial risk, the implementation of climate disclosure regulations, and increasing concern from stakeholders, the pressure on organizations to measure their greenhouse gas emissions is growing. This newly discovered demand for enterprises to measure their carbon emissions has led to an increased interest in how to begin the complicated process.
One of the first steps, as defined by the primary framework for carbon accounting, the Greenhouse Gas Protocol (GHGP), is to ensure your processes are aligned with the relevant calculation methods and reporting frameworks. As such, it is critical to define the organizational and operational boundaries of your carbon measurements, which provide a better understanding of what to measure within the operations of an organization.
The 10 Best Carbon Accounting Software in 2022
As the climate crisis accelerates, manual carbon accounting is no longer a viable option. Demand has grown for a digitized solution for emissions disclosure.
The good news is organizations around the world do report carbon data, albeit in disparate ways.
Time to Level the Playing Field
On May 17th, ERM issued a report, Costs and Benefits of Climate-Related Disclosure Activities by Corporate Issuers and Institutional Investors. The report, commissioned by Persefoni and Ceres, surveyed companies and investors and found that the responding companies average $533,000 per year on climate-related disclosure activities. This data is important in the context of the SEC’s proposed climate disclosure rules because it shows that companies aren’t starting from scratch. Many companies are already doing a lot of climate reporting even absent new disclosure rules. What’s more, these costs don’t reflect the use of new technologies, which should reduce reporting costs for companies.