Unlike Scope 1 and Scope 2 emissions—which are the direct and purchased energy emissions of a corporation, respectively—Scope 3 emissions are indirect emissions generated from activities of assets not owned or controlled by the reporting organization.

For organizations seeking to build robust environmental, social, and governance (ESG) programs, the Carbon Disclosure Project (CDP) provides one such framework that can help with global disclosure of your environmental impact. Should you choose to adhere to this standard, you would need to be assessed, after which you would receive scores regarding your environmental stewardship.

A new landmark in corporate climate change legislation, California Senate Bill (SB) 253, the Climate Corporate Accountability Act, has just been passed in the California Senate, and—now that it's been signed into law by the governor—it will mandate that the applicable companies report their direct greenhouse gas emissions as well as those generated by their utilities.

In today's business landscape, Environmental, Social, and Governance (ESG) factors have gained significant prominence as organizations worldwide are recognizing not only the importance of incorporating sustainable and responsible practices into their operations but also the many benefits of doing so.

The Growing Pressure for Corporations to Embrace ESG In recent times, regulators at global and national levels have been advocating for greater disclosure of ESG (Environmental, Social, and Governance) issues and standards among organizations. Legal developments and demands for corporate transparency have encouraged the emergence of many rating agencies and reporting frameworks.

If you know Schellman, you likely know our standard plug—we’re a leading provider of attestation and compliance services and we’re the only provider in the world that has a CPA firm, a globally licensed PCI Qualified Security Assessor, a comprehensive ISO Certification Body, HITRUST CSF Assessor, a FedRAMP 3PAO, CMMC C3PAO, and APEC Accountability Agent working together to address our client’s complex and interrelated security and privacy compliance requirements.