Last spring, the SEC introduced a proposed rule on climate-related disclosures that, if finalized, would require private companies to increase their climate-related reporting. The new rule is a response to investor and customer demands for more environmental, social, and governance (ESG) friendly policies and would eventually extend to public companies as well.
Companies looking to understand and get ahead of the new disclosures should follow several key steps:
- Install the right team
- Identify the data and inputs required to adhere to the new guidance
- Institute robust data collection processes
- Incorporate the required controls
At Riveron, our seasoned team of climate data and financial experts help companies institute an auditable process for climate-related disclosures that is investor grade and complies with the proposed rule. Our end-to-end process review begins at the input level, where we conduct a climate risk assessment to identify potential risks that originate from climate-related events and trends.
Once we understand our clients’ current status and work done to date, we help to identify gaps, improvement items, and any areas for standardization. The final step is to develop a remediation roadmap and execute plans to close gaps and implement improvements.
At Riveron, we bring a unique combination of ESG processes that ensure investor-grade reporting and the vital strategy setting and communications that round out our methodology. Together, we deliver a powerful end-to-end ESG offering to meet our clients’ needs at all stages of the business lifecycle.