The California Air Resources Board released a preliminary list of entities that may have to report under SB 253 and SB 261.
- The California Air Resources Board last week published its preliminary list of thousands of entities that may be subject to upcoming reporting requirements under either or both SB 253, which covers GHG emissions, and SB 261, which covers climate-related financial risks. The laws passed in 2023.
- A mix of publicly and privately held packaging suppliers named on the list include Crown, Hood Container, International Paper, Menasha, Pactiv Evergreen, Printpack, Sappi, Sealed Air, Silgan, TransPak and Veritiv. The preliminary list is intended to support development of fee regulation, law firm Ropes & Gray noted in a brief analysis.
California names companies expected to report emissions, climate risks | Packaging Dive
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Tetra Pak has been recognised for leadership in corporate transparency and performance on forests by global environmental non-profit CDP, securing a place on its annual ‘A List’. Based on data reported through CDP’s 2023 Forests questionnaires, Tetra Pak is among the 2% of companies that achieved an ‘A’ score out of over 21,000 companies assessed.1 The company also reported on Climate Change and, for the first time, Water Security. Having recorded an ‘A-‘ score on both cemented Tetra Pak's inclusion in the CDP leadership band once again, as the only company in the carton packaging sector to do so. The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) warns that nature is deteriorating at unprecedented rates, mainly due to human activities.2 Global food systems are the lead driver of nature loss,3 despite these systems depending on the services provided by nature.4, 5, 6 But it is not just about food security, it has been estimated that more than half of the world’s total GDP – $44 trillion of economic value generation – is moderately or highly dependent on nature and its services.7
he bill creates an investment tax credit for eligible recycling infrastructure and aims to complement state EPR policies, boost job growth and support domestic manufacturing.
Supporters of a new investment tax credit bill are leaning into its bipartisan elements in an effort to boost recycling infrastructure spending across the country.
The Cultivating Investment in Recycling and Circular Local Economies (CIRCLE) Act calls for establishing a 30% investment tax credit on private investments in certain recycling infrastructure, phased out over 10 years. Local municipalities that make similar investments would receive a direct rebate equal to the credit, according to the bill.
HH Global is delighted to announce the renewal of our EcoVadis Gold Corporate Social Responsibility (CSR) status in recognition of sustainability achievements. As well as renewing EcoVadis Gold for 2020, HH Global’s overall score also increased by one point to a total of 67. This places HH Global within the top five percent of companies that are evaluated by EcoVadis globally, and strongly demonstrates a continued commitment to sustainability. “We are delighted to renew and improve our EcoVadis Gold status” stated Kevin Dunckley, HH Global Chief Sustainability and Innovation Officer. “The business is growing quickly and our improved score is testament to our global commitment to sustainability and continuous improvement strategy. We have also set ambitious Science Based Targets in 2020, and will shortly be releasing our latest Sustainability Report which will contain further details of our achievements and ambitions”