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ESG/Sustainability

The “Double Counting” Argument Won’t Stop California From Mandating Scope 3 Carbon Emission Disclosures ESG/Sustainability

The “Double Counting” Argument Won’t Stop California From Mandating Scope 3 Carbon Emission Disclosures

Business lobbyists, in their efforts to persuade regulators to decline to require Scope 3 carbon emission disclosures, have been leaning heavily on the argument that the category is inherently impractical because it double-counts what it purports to measure. The argument, though, has failed to prevent the State of California from adopting that very disclosure requirement.
Michael Kraten
December 13, 2023
The Expanding Meaning of the Term “Value Chain” ESG/SustainabilityValue Chain Sustainability Laws

The Expanding Meaning of the Term “Value Chain”

The term “value chain” has expanded in recent years as part of the expanding attention and scope of sustainability and ESG. It now includes activities and uses that are not directly under a company’s ownership or control. Accordingly, the scope of a company’s responsibility is increasing. This is, of course, challenging for management, and controversial.
Allen Campbell
November 22, 2023
Why Do Companies Use The Phrase “Science Based Targets” In Their Environmental Sustainability Disclosures So Frequently? ESG/Sustainability

Why Do Companies Use The Phrase “Science Based Targets” In Their Environmental Sustainability Disclosures So Frequently?

Moody’s 2022 TCFD Report discloses environmental performance metrics in accordance with the policies and standards of the Task Force for Climate-Related Financial Disclosures. In its 47 page PDF document, Moody’s employs the phrase “Science Based” 26 times to describe its targets or standards.
Michael Kraten
November 15, 2023
deforestation
European Companies’ Supply Chains That Incorporate Seven Important Commodities Will Be Impacted by the European Union Deforestation Regulation (EUDR) ESG/Sustainability

European Companies’ Supply Chains That Incorporate Seven Important Commodities Will Be Impacted by the European Union Deforestation Regulation (EUDR)

Once again leveraging its position as the world’s third largest economy, the EU continues to lead the world in protecting the global environment. The EU Deforestation Regulation (EUDR), which became effective on June 29, 2023, will impact agricultural, forestry and business practices around the world.
Allen Campbell
November 8, 2023
Environmental Catastrophe and the Risk Assessment Function ESG/Sustainability

Environmental Catastrophe and the Risk Assessment Function

The 1975 summer movie Jaws portrayed a suburban New York beach community that recoiled from the assault of a voracious great white shark. Although the film was a work of fiction, a shark (in reality) seriously injured a swimmer last week near a New York City beach. It was the latest shark attack to strike the Big Apple during the…
Michael Kraten
November 1, 2023