J.S. Held's sustainability expert unveils crucial insights on the forthcoming 2024 carbon reporting regulations and developing carbon strategies regarding climate change and greenhouse gas issues.
JERICHO, N.Y., Jan. 31, 2024 /PRNewswire-PRWeb/ -- Global consulting firm J.S. Held announces the publication of an insightful article on Carbon Management written by one of the sustainability experts in J.S. Held's Environmental, Health, and Safety (EHS) practice. The article delves deeply into the complexities of Carbon Management, discussing its likely impacts on organizations and providing a high-level strategic checklist for responding to new carbon management requirements effectively, which is of value to all industries and companies facing demand for greater transparency of environmental performance.
The author of the article, Steven Andersen, is a Senior Vice President in J.S. Held's Environmental Health and Safety practice who has spent over 20 years in the EHS industry with specific experience in air emissions management systems, information management systems, and data integration, serving large multinational clients with varying risk exposure across geographies and operations. He commonly fills the role of sponsor on large-scale implementation projects, consults on Environmental, Social, and Governance (ESG) strategy and data management, and has performed the role of solution architect on many air emissions system implementations. Steven was instrumental in establishing partnerships with leading global providers of sustainability data management systems to support consulting and implementation projects for clients of J.S. Held.
With the increasing global focus on sustainability and environmental responsibility, J.S. Held experts stand at the forefront of exploring and guiding companies and organizations through Carbon Management in 2024. The article "Carbon Management: Issues in Greenhouse Gas Management" discusses the growing complexity surrounding carbon management and greenhouse gas (GHG) reduction for companies across various industries. It highlights the increasing pressure on businesses to disclose GHG emissions, manage environmental, social, and governance (ESG) factors, and respond to demands from stakeholders, including regulators, investors, insurers, NGOs, and the public.
A focal point of the article is the anticipated 2024 SEC GHG reporting regulation, which is expected to align with existing California and the European Union regulations. These regulations mandate detailed reporting of scope 1, 2, and 3 GHG emissions, along with stringent assurance audits. The article outlines potential impacts of these requirements on organizations, particularly those in industrial sectors, public-facing companies, and those listed on North American or European stock exchanges.
The impacts discussed in the article include compliance challenges, operational adjustments, carbon cost implications, and reputational risks and opportunities. To effectively respond to these challenges, the article provides a high-level strategic checklist, emphasizing the importance of regulatory analysis, customer and competitor assessment, corporate positioning, GHG baseline establishment, identification of carbon reduction opportunities, and the implementation of transparent reporting and assurance processes.
The climate change issue and the exposure to associated risks and business opportunities continue to evolve and expand quickly. Steven emphasizes the vital issue for companies when facing carbon management challenges, "The interdisciplinary nature of this issue, bringing together compliance, finance, operations, and technology teams, means that many businesses have difficulty finding the right resources to develop successful strategies and plans to address carbon."
J.S. Held's Environmental, Health & Safety (EHS) practice consists of experienced consultants who provide specialized expertise in environmental damage and remediation, environmental due diligence, energy transition, toxicology and epidemiology, industrial hygiene, product stewardship and product liability, and human health and safety. Our team is engaged by corporations, utilities, public and private owners, developers, government organizations, insurance professionals, construction professionals, and the legal community to consult on matters involving the environment, human health and safety, and regulatory compliance.
To gain deeper insights into the impact of Carbon Management regulations and to explore more ways to develop carbon strategies, please read the full article here: https://www.jsheld.com/insights/articles/carbon-management-issues-in-greenhouse-gas-management.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
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Kristi Stathis, J.S. Held, +1 786 833 4864, [email protected], jsheld.com
SOURCE J.S. Held
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