Charles Dubouix
GHG accounting (2/2): Regulation 🇫🇷 🇪🇺 🇺🇸 What does the law say?
KEY TAKEAWAYS
- French law now requires companies with more than 500 employees to include freight emissions in their yearly carbon report, which is publicly available on the ADEME website, and to create a transition plan to reduce greenhouse gas emissions.
- The EU has mandatory sustainability reporting for large public-interest companies, with plans to include smaller companies by 2024, and the SEC in the US has proposed rules to enhance and standardize climate-related disclosures for investors.
🇫🇷 France
- Since 2012, French law indicates that all companies with more than 500 employees in metropolitan France (250 employees in the DROMs) must carry out a GHG accounting (”BEGES”).
- Starting in January 2023 French law makes it mandatory for firms with more than 500 employees to include freight emissions in their yearly carbon report.
Carbon reports are publicly available on the ADEME website: click here
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🇪🇺 EU
- EU mandatory sustainability reporting is live since 2014.
- Currently mandatory for 12k companies: it targets large public-interest companies with more than 500 employees
- Will include 50k companies by 2024: companies with over 250 employees and a 40 million euro turnover (whether listed or not). They will need to publicly disclose information on their impact on the environment and the way they operate and manage environmental risks
🇺🇸 US
- SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors
🎉 Well done! You’ve completed the second session of the freight decarbonation academy on GHG accounting!
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