Marking the first nationwide climate disclosure rule in the US, on 6 March 2024, the U.S. Securities and Exchange Commission (SEC) adopted rules to ‘enhance and standardise climate related disclosures’ provided by public companies.

Category 2 includes all upstream emissions associated with the production of purchased or acquired capital goods.

El Niño and La Niña are major climate drivers of the Earth’s climate system as they alter weather patterns globally.

Category 1 focuses on all upstream (i.e., cradle-to-gate) emissions associated to the entire life cycle of products purchased by the reporting company, including both goods (tangible products) and services (intangible products).

The terms scope 1, 2 and 3 were born out of the GHG Protocol (2001) and represent distinct categories of GHG emissions that arise from different sources within and beyond an organisation. This methodology now acts as the backbone for GHG emissions reporting in the UK and will become employed internationally too.

March saw the introduction of a historic landmark deal, agreed by the UN to protect 30% of the world’s oceans by 2030. Talks on the treaty have been underway for over two decades making the agreement a dramatic milestone for the biodiversity agenda.

The IPCC’s Sixth Assessment Report, launched 20th March 2023, has brought to light the urgency of the climate crisis asserting that: “there is a rapidly closing window of opportunity to secure a liveable and sustainable future for all."

In the lead up to Earth Day in March, Glasgow’s Barclays Campus hosted a week of events, centred on sustainability at their Glasgow campus.

As we enter Q2, the landscape around environmental, social, and governance (ESG) reporting remains ambiguous with ad hoc regulations introduced in particular industries; or not at all.

Companies have historically pursued corporate social responsibility (CSR) strategies and disclosed impacts on external stakeholders because of compliance requirements, such as the Non-Financial Reporting Directive