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A strong target of attack in Wiener’s Greenhouse Gases: Climate-Related Financial Risk Act (SB 253) is its mandatory requirement of Scope 3 reporting – greenhousegas (GHG) emissions linked to a company, but outside its operations, such as its customers or supplychain.
The TCFD, created by the G20 Financial Stability Board, issued its disclosure recommendations back 2017. The greenhousegasprotocol has been around for many years and sets out a detailed process (more than 700 pages) for measuring corporate carbon footprints.
As of yet, no major economy has mandated that businesses set verified, science-based goals to reduce emissions in their operations and supplychains. The telecommunications giant achieved verification in September 2017. At the moment, top-level pledges from nations and regions remain, in many cases, just that. from the SBTi.
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