Case Study: Energy Services Company Prepares for Compliance
Client Background
An energy services company with over 10,000 employees that develops energy infrastructure and operates utilities.
The Situation
The client faced a significant challenge: preparing for upcoming climate regulations, including California climate bills SB-253 and SB-261, as well as the SEC climate disclosure final rule, which is currently stayed pending judicial review.
The company intended to strengthen its greenhouse gas (GHG) emissions accounting and improve its emission source data to align with regulatory reporting requirements. To gain a clear understanding of its carbon footprint and effectively communicate its environmental goals and progress to stakeholders while meeting regulatory demands, the company needed to enhance its data collection and emissions reporting processes.
The Solution & Results
Moss Adams provided a customized GHG emissions solution that included:
- A thorough review of the client’s GHG emissions Inventory Management Plans in accordance with the GHG Protocol
- A comprehensive gap analysis of the client's emissions data, comparing the information in their system of record with their inventory management plans to identify data gaps and verify that reported figures can be traced back to the source system
- A review of the client's GHG emissions inventory management plans to identify areas for improvement and ensure that their calculation methodologies are clear and straightforward for future assurance requirements
As a result, the client:
- Improved the accuracy and reliability of their data and their data collection process
- Increased transparency to stakeholders on their environmental goals, initiatives, and progress
- Strengthened their compliance readiness by enhancing their reporting capabilities
- Aligned its emissions reporting with regulatory requirements
With Moss Adam’s guidance, the client was able to clearly demonstrate their commitment to sustainable business practices and prepare for compliance with various regulatory standards.
We’re Here to Help
For more information on how a GHG emissions reporting solution can benefit your organization, please contact your Moss Adams professional.