The Nickel Report

On Friday, October 10, the California Air Resources Board (CARB) posted for public comment a draft template for reporting Scope 1 and Scope 2 greenhouse gas (GHG) emissions pursuant to California SB 253, the Climate Corporate Data Accountability Act (Act). Along with the draft template, CARB also posted an explanatory memorandum.

The Greenhouse Gas (GHG) Protocol Corporate Standard and related guidance are widely accepted as leading sources for companies to use in quantifying and reporting their GHG emissions. Companies report GHG emissions for a number of reasons (both legally mandated and voluntary) and in a number of contexts. Accurate accounting and reporting is critical because inaccuracies in emissions reporting can potentially expose the reporting entity to several types of legal liability, as evidenced by the recent proliferation of lawsuits alleging “greenwashing” claims and increasing regulatory scrutiny in this area.