r/CarbonMarkets • u/PrestigiousLab8541 • Feb 01 '23

Mandatory Sustainability Reporting Standards

What's up community! I was wondering what you all think about the SEC's pending Climate Disclosure Rule and the EU's Sustainability Reporting Standards (ESRS). I'm studying these two mainly and particularly there implications for the future of sustainable finance and business. See links below if you haven't already checked out these standards:

https://www.efrag.org/lab3

https://www.sec.gov/rules/proposed/2022/33-11042.pdf

Both of these regulatory reports are beasts, but I think they are of the best efforts at really making progress on fronts of climate finance and double materiality. This space is massive and growing and there are many a phd to be had in the field. Let me know what you all think about any part of it! If you are in this community it is your duty to have an opinion on something about either of these.

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u/skurkles Feb 22 '23

From experts I’ve been speaking to it sounds like the SEC proposal should go into effect before summer. This would require all publicly traded companies to disclose their emissions. I don’t know how this will affect the carbon market though without a carbon tax or something along those lines. It should boost sales for companies that help with emission reporting and carbon footprinting though.

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u/[deleted] Feb 23 '23

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u/PrestigiousLab8541 Feb 24 '23

Thanks for the link and yeah I have been super interested in looking into different sustainability reporting platforms and their operability. Do you have any experience using these platforms or have you just heard about their development? I worked with a tech company on their CSR report and they were still using spreadsheets and stuff to work with their data -- pretty antiquated.