- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-09-20T21:46:00
A large percentage of the greenhouse gases (GHG) associated with business activities are indirect, or Scope 3, emissions. There is much companies can do—and must do, given upcoming regulatory requirements—to rein them in, a sustainability expert explained at Compliance Week’s virtual ESG Summit.
“You have a lot of influence over your supply chain” and the GHGs that lead to global warming, Susan McNichols, a senior consultant at engineering and design firm WSP, said during a session Tuesday detailing best practices for Scope 3 emissions.
The world is headed for a catastrophic increase in temperature by 2040 unless GHGs, which include carbon dioxide, methane, and other gases, are drastically reduced, according to the Intergovernmental Panel on Climate Change. Many businesses are cutting their emissions voluntarily, while others have faced public pressure. Soon, the reporting of emissions data will be mandatory in certain regions.
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The Treasury Department and other U.S. agencies announced a coordinated federal policy concerning carbon credits and other voluntary incentives to encourage businesses and agriculture to cut their carbon footprints.
Nearly two years after it was first proposed, the Securities and Exchange Commission is finally poised to approve its climate-related disclosure rule—albeit a watered-down version, by all indications.
Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
Supply chains are about to become the next big thing in sustainability compliance. However, many organizations still lack the data and assurance capabilities to track sustainability and human rights activities across their extended supply chains – which is required by the EU’s CS3D. Many others that fall out of scope ...
Multiple emerging environmental, social, and governance and disclosure standards pose legal and operational risks to many companies, but also opportunities to improve reporting and get ahead of requirements, a new report found.
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
