SB 253: Is your business ready for the emissions transformation?
In another significant step toward growing California’s commitment to sustainable business, Governor Gavin Newsom has recently inked the transformative SB 253 into law.
This milestone legislation compels corporations with a revenue threshold exceeding $1 billion in California to disclose not just their direct emissions, but also the indirect emissions embedded across their supply chain.
This encompasses electricity consumption, resource procurement, logistics, and end-of-life management, encapsulated as Scope 3 emissions, which in fact constitute a significant chunk of a corporation's carbon footprint.
The essence of SB 253 transcends the Californian borders, casting ripples of its influence nationally and globally. Regardless of where your corporation is headquartered, if your business operations extend into California, this legislation requires attention.
It's not merely a policy; it’s a clarion call for transparency and accountability in corporate environmental stewardship, setting a precedent that's likely to echo across jurisdictions.
At Sunistics, we have plenty of experience clearing these pathways of compliance. As your business navigates the roadmap laid down by SB 253, we can help steer you towards a low-carbon, cost-effective operational model.
The solar transition isn’t just a compliance measure, it’s an emblem of your commitment to a greener economy, but with the most enviable kicker of potentially huge cost savings and a quick ROI. Typically, we tell our customers that not many businesses can easily afford to ignore the investment opportunity while energy bills go through the roof, but in this case SB 253 could also threaten contracts and the daily business without decisive action.
In terms of timing, large swathes of California still qualify for an additional 10% tax credit and various other incentives that face an uncertain future. While these discounts are on the table, it may make sense to strike while the iron is still hot.
Email us at customer@sunisticsgroup.com for more information or to get started on a quote.