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Climate Disclosures and Private Companies:

3 Things to Do Now 

In the EY CEO Outlook October 2022 survey, “US execs strategic, pragmatic and (still) pandemic-ready,” research found that 82 percent of US chief executives find environment, social and governance (ESG) as a value driver to their business over the next few years, and virtually all have developed a sustainability strategy, which included a mix of public and private leaders. Further, 73 percent of US respondents say they adopted ESG for strategic reasons (competitive advantage and lower cost of capital), not because of pressure from regulators.

As publicly held companies begin reporting on Scope 3 emissions, private companies will eventually be impacted if they belong to a public company’s supply chain. They will be required to provide detailed emissions data sooner rather than later. It’s their price of admission!

Regardless of what’s included in the final SEC rule, investors will increasingly expect climate transparency from IPO companies. Even if the SEC doesn’t require private companies to make climate disclosures, investors likely will. A company’s ability to market its IPO and establish the public perception of its offering could be affected by its disclosures, or lack thereof.

During this on-demand webinar, VelocityEHS expert David Staples, Senior Solution Strategist, ESG, explains the benefits of collecting emissions data and how it helps you to build a mature your ESG program.

To prepare for this new world, private companies, especially those considering an IPO, need to do these three things: