In an age when climate change is top of mind for so many, understanding the exact role major corporations play in carbon emissions is crucial. A groundbreaking bill in California aims to shed light on this matter, potentially changing the landscape of corporate accountability and the fight against climate change. And, as advocates for transparency and public health, OnderLaw fully supports this movement.
The Bill in Question
The Climate Corporate Data Accountability Act, also known as Senate Bill 253, if passed, will mandate companies with annual revenues exceeding $1 billion to publicly disclose their greenhouse gas emissions starting in 2026.
This isn’t about adding undue burdens on companies, as opponents might suggest. This is about transparency, accountability, and understanding the broader picture of how these companies contribute to a global crisis.
Why This Matters
According to research, a staggering 70% of the world’s greenhouse gas emissions since 1988 can be attributed to just 100 companies. With California already demanding that significant polluters declare their emissions, the new bill would further delve into corporate carbon emissions throughout an entire company’s supply chain.
Senator Scott Wiener of San Francisco, the legislation’s author, aptly points out the importance of these revelations. Major corporations like Apple are already in the process of reporting these emissions, finding them crucial for their corporate climate goals.
Transparency Is Key
For companies, understanding the entirety of their carbon footprint – not just the obvious contributions – is pivotal. This isn’t about pointing fingers; it’s about providing a comprehensive view of a company’s impact so they can make the necessary changes and stride towards a more sustainable future.
Under SB 253, both public and private companies would need to use the framework set by the World Resources Institute in 2001 for measuring and reporting emissions. This includes direct emissions, indirect emissions from energy purchases, and all other indirect carbon emissions from the supply chain.
The Debate Rages On
While some giants like Google, Apple, and Microsoft support the bill, others heavily lobby against it, suggesting undue burdens on businesses. Contrary to the belief of this creating “useless” data, the move will provide invaluable insight into where reductions can be made, emphasizing collaboration over competition in the fight against climate change.
OnderLaw Stands Firm
At OnderLaw, our mission has always been to champion the rights of individuals and ensure accountability where it’s due. We view this bill as another step in ensuring corporations are responsible not just to their shareholders, but to the world they operate in.
The cost of addressing climate change through corporate accountability is substantial, but the cost of inaction? Incalculable.
Together, we can usher in a new era of transparency, responsibility, and active steps toward a healthier, sustainable future. Remember, every action counts, and demanding accountability is a significant step forward. If you or a loved one have been affected by corporate negligence, contact our team of dedicated attorneys today for your free, no-obligation consultation.