While we're still waiting on the SEC to issue its final ruling on climate risk disclosure, the EU has been churning out a number of reporting regulations as part of its mandate as laid out in the 'EU Green Deal', a set of policy initiatives which aims to set the EU on the path to a green transition, with the ultimate goal of reaching climate neutrality by 2050.
Why should US companies care? If your company sells products in the EU or if your company is a supplier to an EU-based company or a company selling into the EU, you may need to comply with these regulations. Joel Makower of GreenBiz provides a helpful brief overview of the key EU regulations to keep in check.
Source: Greenbiz, 2023