How to Prepare for SEC's Mandatory Climate Change Disclosures
Proposed rule amendments from the SEC will require more robust ESG reporting. Do you have a plan in place?
On March 21, the SEC decided to move forward on rulemaking to make climate change disclosures mandatory and in the same vein as other financial documents.
Businesses are now actively competing for capital based on ESG performance. This webinar explores what that means for the HVAC/R industry and what you need to do to prepare.
View the webinar to learn more about:
- Definitions of Scope 1, 2, and 3 emissions
- New SEC requirements for ESG reporting
- What a disclosure form looks like
- Where fugitive emissions come from
- Why benchmark against industry peers
- The hybrid process that solves for new challenges
▶️ Watch the Webinar
Refrigerant Emissions Are Routinely Underestimated
- Most companies report under 10% of their refrigerant-related emissions.
- 50% of companies indicate that data access and quality are their greatest challenges with respect to ESG disclosures.
- Much less than 10% of companies have an ESG council or group focused on ESG topics.
- The average refrigerant system leak rate in the US is 25%
- Large accelerated filer: Initial estimated report on Scopes 1 & 2 in 2023, Scope 3 GHG emissions disclosures in 2024, attestation on Scope 1 and 2 with limited assurance in 2024 (and reasonable assurance in 2026)
- Accelerated filer: Initial estimated report on Scopes 1 & 2 in 2024, Scope 3 GHG emissions disclosures in 2025, attestation on Scope 1 and 2 with limited assurance in 2025 (and reasonable assurance in 2027)
- Nonaccelerated filer: Initial estimated report on Scopes 1 & 2 in 2024, Scope 3 GHG emissions disclosures in 2025, attestation on Scope 1 and 2 NOT REQUIRED