Share this Post
July 19, 2022
Dina is the resident Content Writer at EcoOnline eCompliance. When she’s not writing about health and safety, you’ll find her enjoying a cup of tea while watching her favorite sitcom.
The Securities and Exchange Commission (SEC) has recently proposed a new climate related disclosure mandate, which requires organizations to reveal specific climate change related risks they may face and also confirm their Scope 1, 2, and 3 emissions, amongst other information.
The goal is to help companies standardize their metrics related to environmental impact, so they can be aware of their greenhouse gas emissions and take steps to manage them. It will also help investors get a clearer picture of the climate change related risks the organizations they chose to work with may face. The new SEC Climate Related Disclosure rules could take effect as soon as 2023, depending on the type of organization.
Don't forget to enter in your text.BOOK A FREE DEMO →
If adopted, this means public organizations must disclose standardized data and provide insight into their strategic approach to future climate change related risks. This includes greenhouse gas (GHG) emissions:
The new climate disclosure rules are designed to help organizations identify operational risks posed by climate change and also encourage them to develop strategies to reduce greenhouse gas emissions, reducing their negative impact on the environment.
Introduction of the new rules should also ensure that accurate information will be shared with investors and stakeholders about where your organization stands. Performance against the stated metrics may alter their view of certain companies or persuade them to consider alternative opportunities linked to more progressive sustainability performance. Your organization may gain a competitive advantage by publicly demonstrating that you have a positive, measurable commitment to approaching issues related to reducing your impact on the environment.
We can help you prepare for SEC report submission when the time comes, with our robust EcoOnline ESG solution. EcoOnline ESG offers 11 different modules across the environmental, social and governance pillars to help you track and manage data related to topics like carbon emissions, waste, forced labor, and water consumption. All this data can be easily viewed and analyzed in one reporting and analytics view.
Using insight derived from the platform , you can effectively identify patterns, anomalies and gaps from which you can devise a strategy to for example, reduce greenhouse gas emissions and cut costs. EcoOnline ESG can help you manage compliance with government and industry regulations and scale your ESG programs across multiple sites and locations. The outputs from the platform will also help you position your organization with investors and showcase your plans to positively impact the environment, the wellbeing of your workforce and other interest groups which are important to you.
Curious to learn more? Speak to one of our EcoOnline representatives today.
Learn How You Can Get EcoOnline
Complete this form and one of our safety experts will be in touch.