The California Air Resources Board (CARB) recently released a preliminary list of 4,160 U.S. companies that must comply with the state’s sweeping new climate disclosure laws, SB 253 and SB 261. Using MyLogIQ’s CompanyIQ® SEC disclosure research tool, we’ve analyzed the impact and implications of these mandates. The Scope of California’s Climate Rules SB 253…
Boards of directors should be wary of following Exxon’s lead in suing shareholders they disagree with ExxonMobil‘s lawsuit against two activist investors was recently dismissed, and while the oil and gas giant still came out with a win by compelling the groups to withdraw their shareholder proposals on emissions, the victory could come at a…
This paper provides an update on ESG disclosures, more specifically environment and climate-related risks and opportunities. This analysis is based on a review of Securities and Exchange Commission (SEC) Comment Letters that were sent to U.S. public companies from July 2021 to May 2024. Our original December 2022 report covered July 2021 to January 2023…
This year investors are emphasizing climate risk as part of their push to get companies to address global warming, while treading more carefully around issues related to pay linked to sustainability goals, according to market watcher. …This year so far, investors have filed 19 climate change-related resolutions that mention climate risk at S&P 500 companies…
In this opinion piece for Accounting Today, Ron Kral of Kral Ussery uses CompanyIQ comment letter data to suggest that companies need to be ready for ESG disclosures. Below is an excerpt. While the environmental, social and governance arena may soon see a seismic shift in disclosure requirements, there has been no shortage of regulatory…
This updated report provides a roadmap for improving environmental, social, and governance (ESG) disclosures related to environment and climate change risks and opportunities. This guidance is based on an analysis of Securities and Exchange Commission (SEC) comment letters that were sent to 10-K and 20-F annual report filers from July 2021 to January 2023. While…
Using data from the MyLogIQ CompanyIQ SEC Comment Letters research platform, MyLogIQ and CFGI analyzed SEC staff comment letters to public companies over the past 18 months. We found that within their ESG-related review, there were 11 climate-related themes that they focused on for 10-K and 20-F annual reports. This joint report identifies the frequency…
Investors are ramping up their scrutiny of medium-term emissions reduction targets and are planning to hold boards accountable if they don’t pass muster. Proxy advisory firm ISS’s recent benchmark survey results show that a significant number of 188 investors told ISS that a lack of “realistic” medium-term emissions reduction targets for Scope 1 and 2…
The debate over the Securities and Exchange Commission’s climate disclosure rule is continuing to heat up as all sides press the commission on a proposed requirement for public companies to disclose greenhouse gas emissions from supply chains and other sources outside of companies’ direct control, also known as Scope 3 emissions. Companies will also have…
With climate change-related greenhouse gas (GhG) emission disclosures under consideration at the SEC and increased shareholder pressure for ESG transparency, this CompanyIQ report reviews current trends in Russell 3000 10-K Scope 1, 2, and 3 discussions. Using our CompanyIQ platform, we analyzed the 10-Ks filed by R3000 companies for the 12-month period of August 2021…