Issue link: https://resources.tangoanalytics.com/i/1529531
©2024 Tango CONFIDENTIAL - Not for publication or distribution 10 GLOBAL UNITED STATES EU ISSB IFRS S1 & S2 SEC California SB253 California SB261 CSRD Entities Covered Dependent on local jurisdiction adoption Public traded companies/ large accelerated listed companies Public + Private Annual revenues in excess of $1 billion, Does business in California, Formed in the U.S. Public + Private Annual revenues in excess of $500 million, Does business in California, Formed in the U.S. Public + Private All sizable EU entities, and certain non-EU entities Emissions Scope 1, 2, 3 Scopes 1 and 2 (if material) Scope 1, 2, 3 N/A Scope 1, 2, 3 Materiality Single Materiality (financial) Single Materiality (financial) N/A Single Materiality (financial) Double Materiality (financial + impact) Assurance Up to jurisdictions to determine whether assurance is required and what type Limited assurance Scopes 1 and 2- limited assurance beginning in 2026 Scope 3 – beginning in 2030 N/A Limited assurance required first year, phased in reasonable assurance Timeline 2024 onwards (but will vary as jurisdictions adopt) 2025 for emissions 2026 for climate risks 2026 (scopes 1 & 2) 2027 (scope 3) 2026 and every two years thereafter 2025 onwards