- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-09-20T21:46:00
A large percentage of the greenhouse gases (GHG) associated with business activities are indirect, or Scope 3, emissions. There is much companies can do—and must do, given upcoming regulatory requirements—to rein them in, a sustainability expert explained at Compliance Week’s virtual ESG Summit.
“You have a lot of influence over your supply chain” and the GHGs that lead to global warming, Susan McNichols, a senior consultant at engineering and design firm WSP, said during a session Tuesday detailing best practices for Scope 3 emissions.
The world is headed for a catastrophic increase in temperature by 2040 unless GHGs, which include carbon dioxide, methane, and other gases, are drastically reduced, according to the Intergovernmental Panel on Climate Change. Many businesses are cutting their emissions voluntarily, while others have faced public pressure. Soon, the reporting of emissions data will be mandatory in certain regions.
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Nearly two years after it was first proposed, the Securities and Exchange Commission is finally poised to approve its climate-related disclosure rule—albeit a watered-down version, by all indications.
Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
Climate-related disclosure efforts are amplifying year over year, despite persistent and persnickety pain points, as more organizations widen the scope of their ESG journeys, our “Inside the Mind of the CCO” survey found.
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James Levey, compliance director at global recruitment agency ManpowerGroup, discusses with Compliance Week his focus on preparing the group’s European operations to gather the data required for compliance with the EU’s Corporate Sustainability Reporting Directive.
More than 320 organizations worldwide committed to disclosing their impact on nature following the recommendations of the Taskforce on Nature-Related Financial Disclosures.
