Climate Disclosure Tracker

This is a mandatory framework that proposes disclosure of GHG emissions and climate related risks for public companies in the US. This framework uses aspects of the GHG Protocol and the TCFD framework. 

  • Short Name: SEC
  • Region: United States
  • Status: Mandatory (in process)
  • Organizations Affected: Publicly traded companies in the United States.
  • Source Link

This is a mandatory disclosure framework that requires companies over a revenue threshold that “do business in California” to report their Scope 1, 2, and 3 greenhouse gas emissions. See our Blog Post for more details.

  • Short Name: CCDAA
  • Region: United States
  • Status: Mandatory
  • Organizations Affected: Any company over $1B revenue doing business in California. 
  • Source Link

This is a mandatory disclosure framework that requires companies over a revenue threshold that “do business in California” to report their Scope 1, 2, and 3 greenhouse gas emissions. See our Blog Post for more details.

  • Short Name: CRFRA
  • Region: United States
  • Status: Mandatory
  • Organizations Affected: Any company over $500M revenue doing business in California.
  • Source Link

This is a mandatory disclosure framework developed by the European Union, aimed at enhancing corporate transparency and sustainability reporting within the European Union. Published under the European Sustainability Reporting Standards (ESRS), CSRD includes a wide range of environmental, social, and governance disclosures for EU-based companies.

  • Short Name: CSRD
  • Region: European Union
  • Status: Mandatory
  • Organizations Affected: EU companies listed on an EU-regulated market and non-EU companies with EU subsidiaries with either:
    • Greater than 250 employees
    • Net turnover (revenue) of more than €40 million
    • Total assets of more than €20 million
  • Source Link

This is a mandatory disclosure framework developed by the European Union. Under CBAM, organizations are required to report direct and indirect emissions from the products they import into the EU. There is a “transitional period” until December 31, 2025, where organizations are able to use estimates to calculate product emissions. However, after this transitional period, organizations are required to report the actual emissions from products purchased because starting January 1, 2026, they will be required to purchase credits to offset the carbon balance associated with their imported products. 

  • Short Name: CBAM
  • Region: European Union
  • Status: Mandatory
  • Organizations Affected: EU companies that import any of the following materials from outside of the EU:
    • Cement
    • Electricity
    • Fertilizer
    • Iron and Steel
    • Aluminium
    • Hydrogen
  • Source Link

This is a mandatory disclosure framework developed by the UK Department for Business and Trade (DBT). It will likely propose sustainability disclosures in line with the new IFRS S1 and S2 Standards.

  • Short Name: UK SDS
  • Region: United Kingdom
  • Status: Mandatory (in process)
  • Organizations Affected: To Be Determined
  • Source Link

This is a mandatory disclosure framework developed by the Government of Australia. It proposes disclosure of GHG emissions and climate related risks for Australian companies.

  • Short Name:
  • Region: Australia
  • Status: Mandatory (in process)
  • Organizations Affected: Large companies (over 500 employees, revenues over $500 million, or assets over $1 billion); Medium-sized companies (over 250 employees, revenues over $200 million, or assets over $500 million); Small companies (over 100 employees, revenues over $50 million, or assets over $15 million).
  • Source Link

This is a mandatory disclosure framework developed for companies on the Singapore stock exchange (SGX). The SGX published a list of Core ESG Metrics to drive disclosures. This reporting framework is based on guidance in the Task Force on Climate Related Financial Disclosures and Global Reporting Initiative.

  • Short Name: SGX
  • Region: Singapore
  • Status: Mandatory
  • Organizations Affected: Publicly traded companies on the Singapore Exchange.
  • Source Link

This is a mandatory disclosure framework published for public companies listed in Japan. Japan’s Financial Services Agency (FSA) developed this framework based on guidance in the Task Force on Climate Related Financial Disclosures.

  • Short Name: FSA
  • Region: Japan
  • Status: Mandatory
  • Organizations Affected: Publicly traded companies in Japan.
  • Source Link 

These mandatory standards were released in February 2024. Mandatory disclosures under these standards include a wide range of ESG material, including Scope 3 emissions. The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) published mandatory reporting requirements, while the Beijing Stock Exchange (BSE) is starting with voluntary reporting requirements. Reporting will begin in 2026 on 2025 data.

  • Short Name: SSE, SZSE, BSE
  • Region: China
  • Status: Mandatory
  • Organizations Affected: Publicly traded companies listed on Chinese stock exchanges
  • Source Link

In October 2023, Brazil announced that the new International Sustainability Standards Board’s (ISSB) IFRS S1 and S2 Disclosures will be incorporated into the Brazilian regulatory framework, with mandates starting on 1 January 2026. 

  • Short Name: CVM
  • Region: Brazil
  • Status: Mandatory (in process)
  • Organizations Affected: Publicly traded companies in Brazil
  • Source Link

The International Sustainability Standards Board (ISSB) combines standards from CDP, CDSB, SASB, IIRC, GRI, and TCFD, with the goal of consolidating key standards into one global framework for sustainability reporting. IFRS S1 requires an entity to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term (collectively referred to as ‘sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s prospects’).

Under this voluntary framework, companies report on:

  • The governance processes, controls and procedures the entity uses to monitor, manage and oversee sustainability-related risks and opportunities
  • The entity’s strategy for managing sustainability-related risks and opportunities
  • The processes the entity uses to identify, assess, prioritise and monitor sustainability-related risks and opportunities
  • The entity’s performance in relation to sustainability-related risks and opportunities, including progress towards any targets the entity has set or is required to meet by law or regulation.

IFRS S1 is effective as of the annual reporting periods beginning on or after 1 January 2024. Earlier applictaion is permitted as long as IRFS S2 Climate-related Disclosures is also applied.

  • Short Name: IFRS S1
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily disclose their environmental impacts and climate risk.
  • Source Link

The International Sustainability Standards Board (ISSB) combines standards from CDP, CDSB, SASB, IIRC, GRI, and TCFD, with the goal of consolidating key standards into one global framework for sustainability reporting. IFRS S2 requires an entity to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term (collectively referred to as ‘climate-related risks and opportunities that could reasonably be expected to affect the entity’s prospects’).

Under this voluntary framework, companies report on

  • The governance processes, controls and procedures the entity uses to monitor, manage and oversee climate-related risks and opportunities;
  • The entity’s strategy for managing climate-related risks and opportunities;
  • The processes the entity uses to identify, assess, prioritise and monitor climate-related risks and opportunities, including whether and how those processes are integrated into and inform the entity’s overall risk management process; and
  • The entity’s performance in relation to its climate-related risks and opportunities, including progress towards any climate-related targets it has set, and any targets it is required to meet by law or regulation.
  • Short Name: IFRS S2
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily disclose their environmental impacts and climate risk.
  • Source Link

This voluntary framework focuses on measuring and reporting on greenhouse gas (GHG) emissions, energy use, and climate change strategies. Companies are expected to report on their Emissions, as well as their targets and progress in reducing emissions. CDP’s Disclosure Platform Guide provides the details for how to complete environmental disclosures with CDP.

  • Short Name: CDP
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily disclose their emissions.
  • Source Link

This voluntary framework focuses on measuring and reporting on greenhouse gas (GHG) emissions, energy use, and climate change strategies. Companies are expected to report on their Emissions, as well as their targets and progress in reducing emissions. GRI Standards 301-308 offer guidance on making environmental disclosures in line with GRI. Emissions disclosures are associated with GRI-305.

  • Short Name: GRI
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily disclose their emissions.
  • Source Link

This voluntary framework focuses on the financial impact of climate change on companies. Companies are expected to report on their exposure to physical and transition risks related to climate change, as well as their strategies to manage those risks. Many mandatory frameworks around the world have adopted the guidance from TCFD in their standards. NOTE: as of October 2023, the IFRS Foundation has taken over the monitoring of the progress of companies’ climate-related disclosures related to TCFD.

  • Short Name: TCFD
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily disclose climate risk.
  • Source Link

This voluntary framework allows companies to set emission reduction targets and benchmark their targets against other companies. SBTi is a certification body for these emission reduction targets, with strict requirements for data tracking and reporting. For details, see SBTi’s step by step guide for how to set a science-based target.

  • Short Name: SBTi
  • Region: Global
  • Status: Voluntary
  • Organizations Affected: Organizations of all sizes who wish to voluntarily emission reduction targets.
  • Source Link

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