Climate Change and Sustainable Development Legal Update Monday, October 29, 2012 ENVIRONMENTAL CARBON REPORTING DISCLOSURE: NOT BUSINESS AS USUAL

摘要

Climate change and carbon risk management are complex environmental and societal issues, as well as being fundamental to business sustainability. Increased regulation and reporting of environmental and carbon exposures, liabilities and risks are driven by national, regional, state/provincial and local requirements in the U.S. and abroad. These obligations have evolved from participation in voluntary initiatives to legislative and regulatory-driven mandatory actions. While reporting of greenhouse gas (GHG) emissions is only one component of these requirements, statutory financial disclosure requirements for publicly held companies and even country-specific requirements for environmental/ sustainability reporting extend these obligations to address strategy, operations, business risk and opportunity management, legal compliance and supply chain issues, as well as disclosures in financial statements and reports.