KERAMIDA's Nikki Peck Panelist at Reuters Sustainability USA

(Right to Left) Emma Beard, VP Global ESG Reporting & Sustainable Packaging at Mondelez International; Jessica Thurston, VP ESG at Paramount; Nikki Peck, Senior Sustainability Engineer, KERAMIDA; Steven Rothstein, MD of the Ceres Accelerator

KERAMIDA’s Senior Sustainability Engineer, Nikki Peck, EIT, MEM, ENV SP, was honored to join a panel of industry experts earlier this month at the Reuters Events: Sustainability USA. The panel, titled “The Road to Regulatory Compliance: Ensuring the Business Meets Incoming Requirements,” provided actionable insights on how to navigate the evolving regulatory landscape.

The discussion focused on how gap analyses can help identify areas for improvement in reporting processes, and how to allocate resources—people, technology, and investments—effectively to meet upcoming reporting regulations. Panelists also shared real-world examples of how companies are educating senior management on the global regulated reporting landscape and the value of taking a comprehensive, global approach.

REPORTING & NET ZERO MAINSTAGE

Nikki and her fellow panelists emphasized the vital role of leadership support in securing the resources needed to meet these evolving requirements. As sustainability reporting has evolved from a focus on corporate social responsibility to today’s emphasis on liability and compliance, businesses must adapt to remain ahead of the curve.

“The best practice many companies should be striving for is the trifecta: cross-collaboration between sustainability, finance, and procurement departments. Sustainability strategies can’t operate in isolation; they must be integrated across all business operations to be truly effective.”

— Nikki Peck, Senior Sustainability Engineer, KERAMIDA Inc.

The panel, which included Emma Beard, VP Global ESG Reporting & Sustainable Packaging at Mondelez International, and Jessica Thurston, VP ESG at Paramount, and was moderated by Steven Rothstein, MD of the Ceres Accelerator, highlighted the importance of staying ahead of both regulatory and voluntary disclosure requirements in an ever-shifting political landscape.

Compliance with regulations like CSRD, CSDDD, CBAM, and California's climate laws (SB 253/261) is a complex, long-term process that can't be tackled overnight. If there’s one key takeaway from the panel, it’s that starting early is essential! While the deadlines for compliance may not be immediate, the scope and depth of these regulations require businesses to begin preparing now.

Learn more about KERAMIDA’s ESG Compliance Advisory Services.

Client Alert: Australia Passes Law to Begin Mandatory Climate Reporting

Australia voted today to pass the Treasury Laws Amendment bill.

This will introduce mandatory climate-related reporting requirements for large and medium-sized companies. Starting as early as 2025 for the largest companies, these requirements will include disclosures on climate-related risks, opportunities, and greenhouse gas emissions across the value chain.

The Australian Accounting Standards Board (AASB) is currently developing disclosure standards aligned with IFRS S1 and IFRS S2 for Australian companies. These disclosure standards are expected to be published soon and the Australian Auditing and Assurance Board is in the process of developing climate disclosure assurance standards which are expected to issue in late 2024. 

Client Alert: California Senate Extends Climate Disclosure Reporting Deadline

The California Senate has voted to approve an amendment to California's climate disclosure laws, granting the California Air Resources Board (CARB) an additional six months to develop regulations related to the reporting of greenhouse gas emissions.

The amendment introduces several changes to California Health and Safety Code 38532 (introduced as California Senate Bill 253) and California Health and Safety Code 38533 (introduced as California Senate Bill 261). The proposed amendment was introduced as SB 219 and effectively extends the previous January 1, 2025, reporting deadline to July 1, 2025, for purposes of reporting out greenhouse gas emissions under California Health and Safety Code 38532 (CA SB 253). Currently, the reporting deadlines have not changed for California Health and Safety Code 38533 (CA SB 261).