California’s Climate Disclosure Legislation: Expectations for Food & Agriculture
Time: 12:15 pm
day: Day Two AM
Details:
- Priorities around sustainability are shifting in the United States. Climate-focused action items are broadening to place particular emphasis on supply chain resiliency, operational productivity, and risk mitigation. At the same time, the current federal administration has deprioritized many climate-related policies and withdrawn from the Paris Agreement on climate. This scenario presents both challenges and opportunities for food and agriculture companies
- Preparing for impending climate disclosure legislation at home and abroad will add cost, specifically for those who are early in their carbon accounting journeys. However, an expanded understanding of climate-related impacts and pressures within complex agrifood supply chains will unlock opportunities for increasing efficiency, preserve market access, and strengthen resiliency to manage future risks
- For large companies, climate disclosure will soon be a requirement to operate in California. Similar legislation has been proposed in other states, and the European Union has already acted on climate disclosure. Small to mid-size companies can expect a longer timeline before reporting is legally required but may see an increase in requests for climate data from their buyers or customers because of the legislation
- California’s influence on resources and consumer goods warrants the need for all companies in the United States to pay attention, regardless of if they are currently conducting business in California
