Summit Strategy Group

Breaking Down the SEC's New Climate Disclosure Rule - What You Need to Know On March 6, the U.S. SEC passed the long-awaited climate disclosure rule. This rule is a significant stride towards transparency and accountability in ESG reporting. At Summit Strategy Group, we're focused on what this means for ESG reporting and compliance.   Early Insights: Scope 3 Reporting Dropped - The SEC has removed the requirement for Scope 3 emissions reporting, addressing data reliability and compliance cost concerns. Focused Scope 1 & 2 Reporting - Requirements are now tailored to large accelerated and accelerated filers, easing the reporting burden for smaller companies. Phased Implementation - A gradual rollout begins with large filers in fiscal year 2026, extending to accelerated filers by 2028, facilitating a smoother transition. Materiality and Climate-Risk Disclosures: Companies must assess the materiality of their Scope 1 and 2 emissions and disclose significant climate-related risks.   What This Means – Looking Forward: Stay Ahead - Prepare for compliance with Scope 1 and 2 reporting requirements and proactively track regulatory developments in all jurisdictions where you operate, such as California’s SB 253 and EU's CSRD. Assess and Disclose - Perform materiality and climate risks analyses and integrate these findings into your strategic planning and reporting. Governance and Preparation: Strengthen governance structures to oversee climate risk management.   The SEC's rule change marks a pivotal moment in corporate climate accountability. Summit Strategy Group is here to support your journey through these regulatory changes, offering expertise to align your reporting with the new rules.   #ESG #ClimateDisclosure #SEC #CorporateResponsibility    

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We are thrilled to announce some great news! Six outstanding members of our team have been promoted, and we couldn’t be prouder. Their dedication, hard work, and passion have not only driven their own growth but have also significantly impacted our company culture and success. Join us in congratulating them on these well-deserved promotions, and let's celebrate their achievements together as we continue to grow. Congratulations to:   Jennifer Hodgkins Caroleana Kvaterchuk Allison Jason A. Emma Law Nick Dolce Emily A Miller

Celebrating our client's success! We want to send our congratulations to Chula Vista Stone of Vulcan Materials Company on receiving the 2024 Platinum Community Relations Excellence Award! 👏

Congratulations to Chula Vista Stone with Vulcan Materials Company for their 2024 Platinum Community Relations Excellence Award. #RocksBuildAmerica

Celebrating our client's success! We want to send our congratulations to Chula Vista Stone of Vulcan Materials Company on receiving the 2024 Platinum Community Relations Excellence Award! 👏

We're incredibly proud to have partnered with XOMAD on this amazing work. Collaboration like this reminds us what can be achieved when we join forces with passionate and innovative teams. #California #Volunteering #ClimateAction

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We’re #hiring! Summit Strategy Group is looking for a seasoned public affairs professional to join our dynamic team. If you have a passion for energy policy, the environment, water policy, and more, we want to hear from you!

Not up to date on the latest #ESG news? We’ve got you covered. Check out our latest ESG Monthly News Roundup live now. https://conta.cc/4brTk5x