The International Sustainability Standards Board (ISSB) released its sustainability-related and climate-related disclosure drafts on March 31, 2022. For many listed businesses, this is a new area of reporting with far-reaching implications for data gathering, calculation, audit and reporting.
2022 is set to mark several important developments in the sustainability reporting landscape, especially in North America, where the move towards mandatory climate and sustainability disclosures has begun.
Climate Change Controversy in California: A Summary of California Climate Bill AB 32 and Ballot Proposition 23 (Part I of II)
Tensions are steadily mounting in advance of California’s November 2010 general election as the state’s landmark climate bill, the Global Warming Solutions Act, or AB 32, faces possible suspension by the California Jobs Initiative. This posting will be done in two sections. In this post, I have done up a brief background of relevant emissions data and California legislation preceding AB 32 and Prop 23, as well as a summary of the two bills. The second post focuses on the direct and indirect effects of Proposition 23 on AB 32 if the former were to be passed, and my arguments in favour of AB 32.