Key Activities to Prepare for the SEC
ACCURATELY CALCULATE AND
TRACK EMISSIONS
REGULARLY REPORT EMISSIONS TO
INVESTORS AND REGULATORY BODIES
DEVELOP AND MANAGE A
STRATEGY TO REDUCE THOSE
EMISSIONS
Because the new climate-related disclosure rules are likely to require significant
preparation for many companies, companies should begin by reviewing the
compliance timetables to determine when and how these rules will apply to the
company. Preparation for compliance with the new rules will be more significant
soon for large accelerated filers than other filers since large accelerated filers will
be the first group of companies that must provide the new climate-related
disclosures.
Review Compliance Timetables:
TIPS TO SUCCEED
Many companies already prepare voluntary sustainability reports. Utilizing these
reports as a baseline, companies should evaluate the gaps where their current
content and reporting processes do not meet new requirements. identify how
you will address the gaps to comply and prioritize the areas that will need the
most attention to collect more data or conduct further analysis.
Conduct a Gap Analysis:
SEC disclosures demand added rigor and accuracy in reporting and will be
subject to third-party assurance requirements (limited assurance initially, then
reasonable assurance). Climate disclosures should be traceable at a granular level
to each transaction, emission factor, calculation, and accounting method.
Companies need to engage a qualified assurance provider and integrate the new
disclosures into their internal control processes.
Get Audit Ready:
Sustainability & Energy Management Simplified
