ESG Regulatory Compliance Consulting

Voluntary and mandatory ESG standards, frameworks, and laws are so interconnected that it can be tough to untangle what’s truly required. We are here to help.

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ESG Regulatory Reporting Advisory Services

KERAMIDA’s expertise in the major ESG reporting standards, frameworks, and laws helps companies prioritize their actions and integrate climate into their business. Our team of legal, accounting, business, and engineering professionals assists clients with Sustainability and ESG compliance across the complex regulatory landscape.

Determining what your company is required to report on can be challenging. We help companies ensure their disclosures comply with the evolving ESG regulatory requirements at the state, federal, and global levels, including:

EU Climate Regulations

CSRD
CBAM
CSDDD

California Climate Laws

SB 253
SB 261
AB 1305

New York Climate Laws

Part 253

Canadian Climate Disclosure Frameworks

CSDS 1 and CSDS 2

Additional Requirements

IFRS S1 and S2
US SEC Greenhouse Gas Rules

Clear guidance and action steps for compliance with mandatory reporting obligations while building on any existing reporting with voluntary standards or frameworks
A Gap Analysis to help determine where you are within these specific actions
Regulatory interpretation tracking and roadmap to compliance
Checklist of action items your company needs for disclosure

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ESG Regulatory Compliance Workshop

KERAMIDA’s custom four-hour workshop builds internal capacity and understanding of the requirements set forth in climate regulations, serving as the starting point for compliance.

KERAMIDA’s 4-hour Online Workshop includes:

Pre-workshop engagement with your team to understand the goals and capacity of your company, refine the agenda, develop a facilitation plan, and refine the facilitated activities
Workshop topics may include the requirements of the California Climate Laws and industry trends
Two KERAMIDA facilitated activities and outputs, including:
Identification of climate-related impacts, risks, and opportunities
Preparation of a mock climate-related financial risk disclosure
Closing round table discussion with our industry and technical experts

Schedule a Workshop

EU ESG Disclosure Regulations

The European Union’s Corporate Sustainability Reporting Directive (CSRD) requires companies meeting certain thresholds to disclose sustainability information in line with the European Sustainability Reporting Standards (ESRS). The requirements apply to many EU-based companies as well as non-EU companies with significant operations in the EU.

Organizations subject to CSRD are required to evaluate and disclose material sustainability-related impacts, risks, and opportunities (IROs) through a double materiality (DMA) assessment process. CSRD reporting may also require disclosure of Scope 1, Scope 2, and Scope 3 greenhouse gas emissions, governance practices, climate-related targets, transition planning, and broader environmental, social, and governance (ESG) topics, depending on applicability and materiality determinations.

CSRD reporting requirements are being implemented in phases and may continue to evolve through additional European Commission guidance, member state implementation measures, and omnibus regulatory updates.

Organizations subject to CSRD may also need to evaluate alignment with the EU Taxonomy Regulation, including the assessment of eligible and aligned economic activities associated with the following environmental objectives:

Climate Change Mitigation
Climate Change Adaptation
Sustainable Use and Protection of Water and Marine Resources
Transition to a Circular Economy
Pollution Prevention and Control
Protection and Restoration of Biodiversity and Ecosystems

We work with clients to align sustainability disclosure programs with business objectives, investor expectations, and evolving regulatory requirements while supporting transparent and decision-useful reporting.

Our CSRD Compliance Services include:

Sustainability Reporting Readiness Assessment
ESRS Disclosure Gap Analysis
Double Materiality Assessment (DMA)
Double Materiality Assurance
Identification of Impacts, Risks and Opportunities (IROs)
Scope 1, Scope 2, and Scope 3 GHG Inventory Creation
Climate Transition Plan (CTP)
EU Taxonomy Evaluations and Alignment Support
ESG Data Collection and Reporting Process Development

Highlighted Project Experience:

TCFD Disclosure, Climate Scenario Analysis, and CSRD Reporting for ED&F Man Commodities

Sustainability Reporting & GHG Reduction Support for Electronic Connector Manufacturer

Executive Training & ESG Reporting Support for Industrial Machinery Manufacturer

The European Union’s Carbon Border Adjustment Mechanism (CBAM) is a policy aimed at addressing carbon leakage and ensuring a level playing field for industries subject to ambitious climate policies. CBAM seeks to impose a carbon price on imported goods based on their embedded carbon emissions, mirroring the costs faced by EU producers under the EU Emissions Trading System. This mechanism intends to prevent carbon leakage by discouraging the relocation of carbon-intensive industries to regions with less stringent climate regulations while promoting global climate action. CBAM aims to incentivize the adoption of cleaner technologies and practices both within and outside the European Union, contributing to the European Union’s commitment to achieving climate neutrality by 2050 and fostering a more sustainable global economy.

Our CBAM Consulting Services include:

Embodied Greenhouse Gas Emissions Calculations Support
CBAM Data Collection Assistance

Highlighted Project Experience:

CBAM Regulatory Guidance & Emissions Calculation for Leading Global Distributor of Fasteners

The European Union’s Corporate Sustainability Due Diligence Directive (CSDDD or CS3D) was officially approved by the EU on May 24, 2024. CSDDD aims to foster sustainable and responsible corporate behavior in companies’ operations and across their global value chains. The directive targets in-scope companies to address environmental impacts and adverse human rights both inside and outside of Europe.

Our CSDDD Consulting Services include:

Identification of Adverse Human Rights and Environmental Impacts
Supply Chain Sustainability Consulting

Talk to Our Experts

California ESG Disclosure Regulations

California SB 253 requires companies, both publicly traded and private, doing business in California with annual revenue exceeding $1 billion to publicly disclose their Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions.

Learn more about our SB 253 support services

California SB 261 requires both publicly traded and privately held companies doing business in California with annual revenue exceeding $500 million to release a public climate-related financial risk report every two years.

Learn more about our SB 261 support services

California AB 1305 features separate disclosure requirements for organizations marketing and selling voluntary carbon offsets and organizations purchasing and using voluntary carbon offsets.

Learn more about our AB 1305 support services

New York GHG Reporting Program

NY Part 253 is the Mandatory GHG Reporting Program, which requires specific, large-scale entities to annually report GHG emissions data via the NYS e-GGRT tool, with the first reports for 2026 data due by June 1, 2027.

Learn more about our NY Part 253 support services

Canadian Climate Disclosure Frameworks

Canadian CSDS 1 and CSDS 2 Sustainability Disclosure Standards

Client Alert: Canada Introduces New Sustainability and Climate Reporting Standards
The Canadian Sustainability Standards Board (CSSB) has released the finalized Canadian Sustainability Disclosure Standards (CSDSs), aligning with global ISSB standards while incorporating adjustments for the Canadian context.

December 20, 2024

Client Alert: Canada Introduces New Sustainability and Climate Reporting Standards

Additional ESG Disclosure Requirements

IFRS S1 and S2 are the first sustainability disclosure standards issued by the International Sustainability Standards Board (ISSB). IFRS S1 requires businesses to disclose information about sustainability-related financial risks and opportunities that may affect the business. IFRS S2 is a topic-based standard that requires disclosures about the entity’s exposure to climate-specific risks and opportunities. The IFRS S1 and S2 standards are designed to be used together.

Multiple countries, including Australia, Canada, China, Japan, New Zealand, and Singapore, are either in the process of requiring disclosures or have already required disclosures aligned with IFRS S1 and IFRS S2.

Our IFRS S1 and S2 Consulting Services include:

Greenhouse Gas Inventory Calculation
IFRS S1 and IFRS S2 Disclosure Preparation
Climate Scenario Analysis

Highlighted Project Experience:

TCFD Disclosure, Climate Scenario Analysis, and CSRD Reporting for ED&F Man Commodities

Climate Scenario Analysis & TCFD/IFRS S2 Reporting for Largest Toll Road Developer in Philippines

TCFD Reporting for CA SB 261 Compliance for American Multinational Law Firm

IFRS S2 Climate-related Financial Risk Reporting for CA SB 261 Compliance for International Financial Services Firm

On April 4, 2024, the SEC paused the rules pending the outcome of litigation.

The United States Securities and Exchange Commission (SEC) recently adopted final rules to require registrants to disclose certain climate-related information in registration statements and annual reports. The final rules include a phased-in compliance period for all registrants, with the compliance date dependent on the registrant’s filer status and the content of the disclosure.

Our SEC Climate Rule Consulting Services include:

Greenhouse Gas Scope 1 and Scope 2 Inventory
Assessment of climate-related risks and suggestions to mitigate these risks
Board and governance analysis related to oversight of climate-related risks and management’s role in managing material climate-related risks
Mock disclosure preparation

Highlighted Project Experience:

TCFD Disclosure Consulting for Large U.S. Bank