Green Building Law Update

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A Quick Science Refresher on Greenhouse Gas

Green Building Law Update

With the federal government and state of Maryland each having announced within days of each other, the mandated disclosure of greenhouse gas (GHG) emissions, we have received, maybe not surprising, many calls in the last two weeks inquiring “what are GHGs?” and “what are Scope 3 GHG emissions (. which are proposed to be a component of the SEC required disclosures but not the Maryland program)?”.

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SEC Chair Tweets about Upcoming ESG Regulation

Green Building Law Update

ESG law is emergent and fast evolving such that today, the best sources are blogs and Twitter, not bound statutes and printed law reviews. Last week U.S. Securities and Exchange Commission Chair Gary Gensler Tweeted about the future of ESG regulation. You do not need to be a futurist to know that SEC regulation of ESG is coming although precisely when has been unclear, however, it is now apparent that the SEC will release a proposal at its March 21 Open Meeting.

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ESG is an Opportunity for Commercial Landlords

Green Building Law Update

At first blush the California Climate Corporate Accountability Act requires only a small number of the nation’s biggest corporations generating more than $1 Billion in annual revenue to report their greenhouse gas emissions, but a thoughtful consideration makes clear that if enacted SB 260 will require carbon reporting by thousands if not tens of thousands of businesses that are indirect sources or otherwise in the “supply chain” for those largest companies.

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ESG Poll Results Drive Strategies for Business

Green Building Law Update

The use of ESG to evaluate companies is the cause celebre in early 2022 and while still in an early phase, primitively and ill defined, it is reaching nearly all corners of the economy at a fever pitch. The appeal of ESG is compelling. People want to save the planet while they make a profit. But the statistically most compelling result of our recent poll among business stakeholders is that 86% of respondents believe there will be mandatory ESG disclosures and more ESG regulation within the next

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ESG Accelerates Greenwashing

Green Building Law Update

A growing number of American businesses and consumers are looking to invest in and purchase ESG friendly companies and their products and services. Companies have responded with ESG disclosures touting the environmental and social benefits of what they’re selling. Sidestepping for a moment those companies that set out to intentionally deceive other about their ESG bonafides, from time to time, what companies think their ESG claims mean and what others really understand are two different things.

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Net Zero Pledges by Businesses are Fraught with Risk

Green Building Law Update

I am excited to be presenting a one hour virtual program, “ESG an Emergent and Fast Growing Area of the Law” Not just for lawyers, this Tuesday, December 14 at noon. Register today for the live virtual program. Calculating net zero is ill defined, unregulated and complex. Businesses making a net zero claim like, “we will be net zero by 2030” risk a charge that they are misleading consumers.

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Department of Labor Proposes to Remove Barriers to Considering ESG in Plan Management

Green Building Law Update

ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. Nancy Hudes and I are now publishing a new blog at www.ESGLegalSolutions.com (. yes, this blog will continue). This post originally appeared in that blog. If we can assist you or someone you work with in ESG strategy and solutions, from policy to project implementation, do not hesitate to reach out to me.

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