April 2022
Fluxus is a member of American Sustainable Business Network (ASBN)’s ESG & Corporate Transparency Working Group, working with the United States’ leading businesses, policy makers, and investors community to shape policy work of Environmental, Social, and Governance disclosure.
On March 21, 2022, The Securities and Exchange Commission (SEC) released a proposed set of rules to Enhance and Standardize Climate Disclosures for Investors.
Under the SEC’s proposal, U.S. companies would be required to have some of their carbon emissions included in regulatory filings. Scopes 1 and 2 greenhouse gas (GHG) emissions will need to be included in annual filings, such as 10-Ks. Additionally, indirect emissions will need to be included from upstream and downstream activities (scope 3), if material, or if the company has set a GHG emissions target or goal that includes scope 3 emissions, in absolute terms, not including offsets, and in terms of intensity. This type of Information about specific emissions is not standardized, if it is currently disclosed at all, and the SEC’s proposal for standardization is also helpful to improve transparency and verification. ASBN believes all three scopes are key, particularly scope 3, because they are the biggest and broadest components of a company’s impact on climate change for most sectors of industry.
Fluxus signed on the ASBN’s official comment to the SEC with input from the ESG & Corporate Transparency Working Group in support of these rules. These important and highly anticipated rules will allow an even playing field for climate disclosures and will ensure protection of both investors and the planet.
Comments on S7-10-22 from American Sustainable Business Network member
“As a business leader and proud member of the American Sustainable Business Network (ASBN), I am writing in support of the rules proposed to enhance and Standardize Climate Disclosures for Investors. The enhancement and standardization of climate-related disclosures is overdue and urgently needed to help investors and American businesses compete effectively in an economy that needs to move faster than it is today towards decarbonization.
Under today’s governance, businesses and investors working to decrease or eliminate their impact on the climate crisis do not have a level playing field when it comes to reporting and assessing climate-related topics and validating suitable investment choices. Investors and business owners, and consequently their impact on the climate crisis, will benefit from greater transparency and accountability proposed by the SEC.
As a result of this proposal, we strongly support the SEC in their efforts to enhance and standardize climate disclosures. This is a necessary and long-overdue set of rules that will benefit businesses, consumers, and the planet through increased transparency.”
For more information on the SEC’s landmark proposal, watch the webinar with SEC Director Renee Jones hosted by ASBN about the proposed SEC climate disclosure rules. The webinar recording can be found here.
About Fluxus
Fluxus LLC is a privately held real estate & infrastructure technology company, committed to Sustainable Way of Building to improve quality of life. The company pioneers Smart Methods of Prefabrication powered by Internet of Things (IoT) – the convergence of the digital and physical worlds, and leverages networks of global partners and innovations in advanced building materials, smart city and connected building technologies, next-generation networks, industrialization and digitalization of construction, where measurable ESG (Environmental, Social, and Governance) metrics are woven into the value chain for creating energy-efficient structures.
About ASBN
American Sustainable Business Network (ASBN) is a movement builder in partnership with the business and investor community. ASBN develops and advocates solutions for policymakers, business leaders, and investors that support an equitable, regenerative, and just economy that benefits all – people and planet. As a multi-issue, membership organization advocating on behalf of every business sector, size, and geography, ASBN and its association members collectively represent over 250,000 businesses across our networks. ASBN was founded through the merger of the American Sustainable Business Council and Social Venture Circle.
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