Persefoni Expert Publications
Costs and Benefits of Climate Related Disclosure
Learn what compliant climate disclosure will cost your organization
When the SEC announced the Proposed Rule on climate-related disclosures in March, one of the first challenges from commenters was the cost of meeting the proposed requirements. While the SEC estimated first-year costs would be in the range of $640,000, others estimated it would be much greater.
We are now able to look at current and historical costs for certain public companies and investors in the new survey “Costs and Benefits of Climate-Related Disclosure Activities.” This survey, commissioned by Persefoni and Ceres and undertaken by The SustainAbility Institute by ERM, reveals how much certain U.S. private sector organizations currently spend measuring and disclosing climate-related disclosure activities.
The report reveals several key takeaways, including:
Technology will play a role in reducing the cost of compliance and enhancing the benefits of climate disclosure requirements
The potential cost of non-compliance and misleading disclosures exceeds the cost of compliance.
The report reflects the resources currently devoted to climate disclosures, which shows that an important shift has taken place in the importance placed on climate and a low carbon economy.
Explore Persefoni and ClimateTech
Insights, thought leadership, and the latest news on everything carbon.
Key Takeaways from Finance Professionals on the State of Climate Reporting
What we heard on the ground in NYC at Financial Executives International’s (FEI) Corporate Financial Reporting Insights (CFRI) Conference 2022
What Is Net Zero? What It Means and Why It Matters
Net zero is when greenhouse gas (GHG) emission removals balance out the amount of GHG emissions in the atmosphere.
It is an ambitious but necessary goal to reach if we want to avoid the most dire consequences of climate change. Failing to achieve net zero can result in rising sea levels that make areas uninhabitable, extreme weather that can have disastrous effects, and many other dangerous outcomes.