Senate Bill 253 (SB 253), known as the Climate Corporate Data Accountability Act, recently passed out of California’s state legislature. If signed into law by Governor Newsom, it will require reporting of greenhouse gas (GHG) emissions for businesses based inside and outside of California. It may sound strange that a California law would be able to require reporting from businesses based outside of California, but the size of California’s economy and the bill’s Scope 3 reporting requirements mean businesses large and small across the country will be required to report their GHG emissions if the bill becomes law.

Adrian Hong, CPA owner of Hong Consulting, LLC, joins Innovation Insights host Donny Shimamoto, CPA, CITP, CGMA, to discuss the benefits of undertaking ESG reporting and how if taken seriously, it can really provide context for the financial statements, the context for the business. 

A bill currently working its way through Hawaii’s state legislature seeks to reduce fugitive emissions of greenhouse gases (GHG) by implementing a refrigerant management program in Hawaii. Fugitive emissions come from leaks and other unintended releases of gases instead of the combustion of fuels like gasoline.

If you haven’t already talked to your Oahu based clients about Ordinance 22-17 (Bill 22) you should start soon. The goal of the bill is to make building owners aware of the resources they consume and allow them to benchmark themselves against similar buildings.