California’s new climate disclosure laws have significant implications for organizations. The Climate Corporate Data Accountability Act (SB 253) mandates public disclosure of scope 1, scope 2, and scope 3 greenhouse gas emissions, while the Climate-Related Financial Risk Act (SB 261) requires reporting on financial risks related to climate change mitigation strategies. These laws apply to companies with specific revenue thresholds and emphasize the need for robust emissions reporting and accountability beyond California’s borders.
In late October, World Kinect Energy Services hosted the inaugural Get Kinected seminar in London, where delegates explored key energy and fuel trends from 2022 and beyond. The seminar covered topics such as managing spend in volatile markets, renewable energy, carbon offsets, and the future of hydrogen in the energy mix.