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The Carbon Legislation Tracker developed by Normative allows companies to check their compliance with evolving carbon regulations in the European Union, the United Kingdom and the United States.
Investors and customers are increasingly attentive to actions proving the environmental responsibility of companies. To support companies in a constantly changing legislative framework, Normative unveils carbon accounting software based on scientific data, thus enabling them to reduce their carbon footprint.
Failure to comply with existing carbon footprint regulations can damage a company’s reputation as well as the loss of government contracts or tenders. The tool Monitoring carbon legislation, accessible free of charge, allows companies to find themselves in a few clicks in the vast landscape of existing and future regulations in order to comply with them. All they have to do is communicate the region, the sector of activity or the size of their company to target the regulations to be complied with.
“It is not always easy to keep up to date with the evolution of the legislative environment. That’s why we developed the tracker, to make carbon accounting accessible and easy for all businesses”comments Kristian Rönn, CEO and co-founder of Normative.
A regular update
This tool will be continuously updated and will take into account legislation in some of the main markets, including: the CSRD (Corporate Sustainability Reporting Directive) adopted by the European Union, requiring all large companies in the European Union to declare the all of their Scopes 1, 2 and 3 emissions. and 3 (for TCFD).
The tracker also takes into account the recent proposal from the Securities and Exchange Commission. This requires listed American companies to communicate their scopes of emissions 1, 2, and 3.