Posted on Oct 12, 2023
Climate rules are coming for corporate America
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https://www.npr.org/2023/10/12/ [login to see] /climate-change-emissions-companies-disclosure-sec-california
The cost of climate change is growing for companies as extreme weather disrupts manufacturing and supply chains and inflicts billions in economic losses. For the agriculture industry, the threat from rising temperatures "may be one of the greatest that we face in this lifetime," according to Corteva, an Indiana company that makes seeds and chemicals.
But Corteva — which was previously part of DowDuPont — says it has a plan. There's money to be made producing things like biofuels to power ships and airplanes with less climate pollution, and crops that are better at resisting diseases as the planet gets hotter. And — crucially — Corteva says it is curbing some of its own emissions of the greenhouse gasses that are heating the planet. If it misses deadlines it set for operating more sustainably, the company says its relationships with customers and investors could suffer.
The cost of climate change is growing for companies as extreme weather disrupts manufacturing and supply chains and inflicts billions in economic losses. For the agriculture industry, the threat from rising temperatures "may be one of the greatest that we face in this lifetime," according to Corteva, an Indiana company that makes seeds and chemicals.
But Corteva — which was previously part of DowDuPont — says it has a plan. There's money to be made producing things like biofuels to power ships and airplanes with less climate pollution, and crops that are better at resisting diseases as the planet gets hotter. And — crucially — Corteva says it is curbing some of its own emissions of the greenhouse gasses that are heating the planet. If it misses deadlines it set for operating more sustainably, the company says its relationships with customers and investors could suffer.
Climate rules are coming for corporate America
Posted from npr.org
Climate Change
Economics
Agriculture
Chemicals
Posted 7 mo ago
Responses: 2
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PO1 William "Chip" Nagel
..."isn't clear what the SEC will do.
The agency's rules apply to public companies. Because Scope 3 emissions come from a business's suppliers and customers, that kind of climate pollution often traces back to private companies that aren't under the SEC's jurisdiction.
But the SEC is also considering the impact of California's new disclosure laws. One of them will require public and private companies that operate in the state and make more than $1 billion a year in revenue to report all of their greenhouse gas pollution, including those indirect Scope 3 emissions."...
..."isn't clear what the SEC will do.
The agency's rules apply to public companies. Because Scope 3 emissions come from a business's suppliers and customers, that kind of climate pollution often traces back to private companies that aren't under the SEC's jurisdiction.
But the SEC is also considering the impact of California's new disclosure laws. One of them will require public and private companies that operate in the state and make more than $1 billion a year in revenue to report all of their greenhouse gas pollution, including those indirect Scope 3 emissions."...
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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