Spark Newsletter – August 2024
This month’s newsletter takes a look at:
Key strategies for an ever-evolving climate disclosure regulatory landscape
In the era of sustainability and climate consciousness, businesses worldwide face an increasingly complex web of regulations related to climate disclosure. In this new regulatory landscape, four notable regulations have emerged — the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), the SEC climate disclosure rules and California’s SB 253 and SB 261, known collectively as the Climate Accountability Package. And each has its own nuances and expectations.
The SEC’s rules apply to certain classes of publicly listed companies, and SB 253 and SB 261 apply to public and private companies that operate in California. In addition to EU companies, the CSRD and CSDDD also apply to thousands of non-EU companies.
The complexity and variability of reporting standards can be overwhelming for companies trying to reconcile conflicting requirements. A multi-dimensional approach and digital transformation can be beneficial in meeting compliance objectives.
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LCA data quality assurance
In the world of Life Cycle Assessments, the accuracy and credibility of data are paramount. Reliable data enables companies to make informed decisions about their environmental impact, identify areas for improvement and ensure compliance with regulations.
Overcoming pressing sustainability challenges
Naved Siddique , chief product officer at Sphera, participated in an interview at the Visionary 200 Sustainability Summit, which provided a forum for leaders across industries to share insights on the most pressing sustainability challenges today. In the interview, Naved discussed challenges companies face in meeting evolving regulatory requirements, the importance of data collection and aggregation and how companies should approach Scope 3 reporting.
Watch the video to hear what Naved had to say.
We hope you found this issue of the Spark Newsletter to be informative and insightful. Between issues, you can keep current with the latest from Sphera by following us on LinkedIn or by visiting us at sphera.com.
The information provided in this newsletter is for general information purposes only, may not be updated in real time and does not constitute legal advice. Please consult with your legal and other advisors to discuss your particular needs and circumstances.