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Join SCS Engineers at the Tennessee Environmental Network Show of the South (TENSOS)
We are excited to announce that SCS will be participating as sponsors, exhibitors, and speakers at the upcoming Tennessee Environmental Network Show of the South (TENSOS) from May 14-16 at the Chattanooga Convention Center in Tennessee.
TENSOS is Tennessee’s largest, most comprehensive, and diverse professional environmental education opportunity. This conference brings together experts and enthusiasts from various fields to discuss and promote environmental sustainability.
Victoria Evans and Joy Stephens will present on Corporate Climate Disclosures on Friday, May 16th at 9:30 am.
In 2024, sweeping new climate-related disclosure requirements were adopted in the US in SEC regulations and signed into law in California. In March 2024, the U.S. Securities and Exchange Commission (“SEC”) finalized sweeping new climate-related disclosure requirements for large publicly traded companies covering climate-related financial risk and greenhouse gas emissions (GHG). Three California climate disclosure bills were signed into law in 2023, with two clarified by amendment in 2024. These three California requirements for public disclosures cover corporate climate-related financial risk (SB 261), GHG emissions/targets (SB 253), and carbon offset purchases (AB 1305). California SB 261 and SB 253 were amended by SB 219 in 2024. SEC paused the implementation of their regulations while court challenges were resolved. California’s climate disclosure laws are also subject to court challenges but are still in effect.
This TENSOS presentation will highlight these new disclosure requirements for climate disclosures, the standards to be applied, and the related audit (assurance) requirements for each. Carbon accounting expectations, materiality considerations, and what to do now to prepare will be discussed.
An update on the net impact of timely court decisions affecting each SEC and California requirements will be included. To set up a relevant roadmap for companies affected, we will include a discussion of the impact of similar disclosure requirements under the CSRD rules of the European Union and how supply chains in the US are being impacted. The key takeaways will be a roadmap for the journey to mandatory reporting and reflections upon the relationship of these disclosures to US firms remaining globally competitive.
We look forward to seeing you there! Register for TENSOS today!
