INSIGHT #1
Organizations are taking steps to respond to new California regulations
KEY FINDING
83% of respondents are taking steps to comply with California’s new sustainability regulations.
The initial questions of the survey simply asked respondents about their awareness of the new California laws and steps they are taking to ensure compliance.
Virtually all respondents were aware of the new laws, and 85% were taking a proactive stance in understanding the new regulations.
Furthermore, despite the recency of the California legislation, 83% of survey respondents were already on a path involving technology, data collection, report generation, and tracking against goals. A majority of companies taking a proactive approach are aware of Scope 3 emissions (a company’s greenhouse gas emissions related to its value chain) and are deploying data collection software, building reporting processes or conducting readiness assessments.
"Adapting to sustainable changes demonstrates our agility and ability to respond to evolving customer preferences and societal expectations."
Director, Environmental, Health & Safety at company with more than $1B in annual revenues
Knowledge of California's new climate related laws, SB 253 and SB 261
Aware of them and working ensure my company's compliance
Actively working on complying with these law and others that will follow
Aware of them, but no working knowledge
Not familiar with these laws
Investigating the new California climate laws and regulations
When asked about steps to understand California laws and other climate-related regulations relevant to their organization, 85% of survey respondents indicated they are taking at least some action.
Respondents could select multiple answers. Here are the steps they are taking to learn more:
A dedicated team is thoroughly investigating relevant laws and building internal competencies
Individual employees have been assigned to investigate legislation and make recommendations
We are leveraging consultants and business partners to lead these efforts
Actions to comply with new California climate laws and regulations
When asked about complying with California laws, 83% of survey respondents indicated they are proactively taking action.
Respondents could select multiple answers. Among those proactively taking action, here is a look at the steps they are taking to comply.
Notably, of the 77% of respondents planning to use existing tools, nearly two-thirds (62%) of those planning to use existing tools are also deploying or searching for a software solution to streamline data collection and reporting.
