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Tag Archives: Kaplow

A Quick Science Refresher on Greenhouse Gas

With the federal government and state of Maryland each having announced within days of each other, the mandated disclosure of greenhouse gas (GHG) emissions, we have received, maybe not surprising, many calls in the last two weeks inquiring “what are GHGs?” and “what are Scope 3 GHG emissions (.. which are proposed to be a … Continue Reading

You Should Comment on the SEC’s Transformative Proposed ESG Rule

By Stuart Kaplow on April 24, 2022 Posted in Codes and Regulations, Federal, GHG

Note, after this was posted, the SEC extended the public comment period on the proposed rulemaking to enhance and standardize climate related disclosures from the originally scheduled close date of May 20, 2022 until June 17, 2022. We posted some weeks ago when the U.S. Securities and Exchange Commission issued a long awaited proposed new … Continue Reading

Maryland Resets the Trajectory with Greenhouse Gas Reduction Law

By Stuart Kaplow on April 17, 2022 Posted in ESG, GHG

With legislation that became law last week, without the Governor’s signature, Maryland has enacted the most rigorous state law in the country reducing greenhouse gas (GHG) emissions and otherwise addressing ESG stewardship including climate change. Businesses can and should treat this as the greatest opportunity and responsibility of our time. Literally resetting the trajectory of … Continue Reading

Rooney Rule Revised Provides ESG Opportunity

By Stuart Kaplow on April 3, 2022 Posted in ESG, Sustainability

Last Monday the NFL announced at the owners meeting that it had approved adjustments to the Rooney Rule, first adopted in 2003, “to enhance opportunities for people of color and women for nearly all league and team jobs.” As companies, most that are far afield from the NFL, look to have a positive impact on … Continue Reading

SEC Climate Risk Rule is Transformative At a Cost

By Stuart Kaplow on March 27, 2022 Posted in ESG, GHG, greenhouse gas

Last Monday, the U.S. Securities and Exchange Commission voted 3 to 1 to issue a long awaited proposed new rule to mandate climate risk disclosures by public companies and other businesses in their supply chains. The 510 page proposed rule will require public companies to include climate related disclosures in their registration statements and periodic … Continue Reading

Modern Slavery a Key ESG Factor

By Stuart Kaplow on March 20, 2022 Posted in ESG, Solar Panel, Sustainability

Slavery exists today. The British government recently reported there are more enslaved people today than there have been at any time in history! And if you doubt that modern slavery is here and now, 20 days ago, on March 1st, U.S. Customs and Border Protection officers seized four shipments of palm oil at the port … Continue Reading

SEC Chair Tweets about Upcoming ESG Regulation

By Stuart Kaplow on March 13, 2022 Posted in Codes and Regulations, ESG, Federal, Sustainability

ESG law is emergent and fast evolving such that today, the best sources are blogs and Twitter, not bound statutes and printed law reviews. Last week U.S. Securities and Exchange Commission Chair Gary Gensler Tweeted about the future of ESG regulation. You do not need to be a futurist to know that SEC regulation of … Continue Reading

Ukraine is Now a Real ESG Issue

By Stuart Kaplow on March 6, 2022 Posted in ESG, Sustainability

While there has been near universal condemnation of the war against Ukraine by Russia, and our empathy is unequivocally with the people of Ukraine, this invasion of a sovereign nation, something that echoes the darkest days in European history, today presents issues of ESG. This blog post is being written 9 days after Putin’s war … Continue Reading

Zero Waste in an Era of Net Zero Everything

By Stuart Kaplow on February 26, 2022 Posted in ESG, LEED

Despite that the Zero Waste movement peaked in about 1998, in the modern context of Net Zero from Net Zero Energy to Net Zero Carbon, we are today with surprising frequency asked about a business being able to claim it is Zero Waste. In a widely accepted definition, Zero Waste is, The conservation of all … Continue Reading

The ESG Benefit of Paying Employees to Work at the Polls

By Stuart Kaplow on February 20, 2022 Posted in ESG, Solar Panel, Sustainability

The “S” in ESG is among the most impactful sustainability factors despite being among the least measured. There are a myriad of Social factors in sustainability, but what they have in common is they are about “social relationships.” A company’s relationship with its employees is key, but so is its relationship with the community and … Continue Reading

The UK Sets the Scene for Mandatory ESG Laws in the Western World

By Stuart Kaplow on February 13, 2022 Posted in Climate Change, Codes and Regulations, ESG

As we in the U.S. await action by the federal government on mandatory ESG laws, the United Kingdom has become the first European Union country to enact mandatory ESG disclosure laws. These new reporting requirements are of import beyond the shores of Great Britain in that they portend what government mandates are to come across … Continue Reading

ESG is an Opportunity for Commercial Landlords

By Stuart Kaplow on February 6, 2022 Posted in Climate Change, ESG, Green Building, Green Globes, LEED

At first blush the California Climate Corporate Accountability Act requires only a small number of the nation’s biggest corporations generating more than $1 Billion in annual revenue to report their greenhouse gas emissions, but a thoughtful consideration makes clear that if enacted SB 260 will require carbon reporting by thousands if not tens of thousands … Continue Reading

ESG may be Fashionable in New York

By Stuart Kaplow on January 23, 2022 Posted in Codes and Regulations, ESG, Sustainability

Clothing is worn by almost everyone, almost all of the time. Across the globe, the $1.3 Trillion clothing industry employs more than 300 million people. Over the last 15 years, clothing production worldwide more than doubled and during that period people bought 60% more garments than before but kept them, on average, only half as … Continue Reading

FTC Regulates What You can Say about Your Solar Panels

By Stuart Kaplow on January 16, 2022 Posted in ESG, Solar Panel, Sustainability, wind turbine

A business that generates renewable energy, say, with solar panels, but sells the Renewable Energy Certificates (RECs) for that renewable energy may not then claim it “uses” renewable energy. The Federal Trade Commissions has prescribed that such would be deceptive. That guidance from the FTC is not new, but as both onsite and offsite renewable … Continue Reading

ESG Often Led by Renewable Energy

By Stuart Kaplow on January 9, 2022 Posted in Energy, ESG, Solar Panel

Businesses often ask about including green power in ESG efforts. We suggest rephrasing the query such that it is about using renewable energy to reduce the environmental harms associated with fossil fuel energy, reduce greenhouse gas emissions, increase the supply of renewable energy and foster a just transition to an ESG driven economy. Businesses do … Continue Reading

ESG will be the Environmental Issue of 2022

By Stuart Kaplow on January 2, 2022 Posted in Environmental, ESG, Sustainability

ESG will be the environmental issue of the year, if not also among the biggest business issues of the year. ESG is everywhere. And yes, this is with appreciation that environmental is only the E in ESG. This is more than a Magic 8 Ball prediction, although we do regularly consult one of the 1960s … Continue Reading

ESG Accelerates Greenwashing

By Stuart Kaplow on December 19, 2021 Posted in ESG, Green Washing, Sustainability

A growing number of American businesses and consumers are looking to invest in and purchase ESG friendly companies and their products and services. Companies have responded with ESG disclosures touting the environmental and social benefits of what they’re selling. Sidestepping for a moment those companies that set out to intentionally deceive other about their ESG bonafides, … Continue Reading

Net Zero Pledges by Businesses are Fraught with Risk

By Stuart Kaplow on December 12, 2021 Posted in ESG, LEED, Sustainability

I am excited to be presenting a one hour virtual program, “ESG an Emergent and Fast Growing Area of the Law” Not just for lawyers, this Tuesday, December 14 at noon. Register today for the live virtual program. Calculating net zero is ill defined, unregulated and complex. Businesses making a net zero claim like, “we … Continue Reading

Updated Phase l Environmental Site Assessment is Published But ..

By Stuart Kaplow on November 21, 2021 Posted in Environmental, ESG

I am excited to be presenting a fast paced and fun one hour virtual program, “Environmental Social Governance (ESG) an Emergent and Fast Growing Area of the Law” for the Maryland State Bar Association, and Not just for lawyers, on December 14, 2021 at noon. Register today for the live virtual program. On November 1, … Continue Reading

Supreme Court to Hear Climate Change Regulation Case

By Stuart Kaplow on October 30, 2021 Posted in Climate Change, Codes and Regulations, ESG, Paris Accord

ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. Nancy Hudes and I are now publishing a new blog at www.ESGLegalSolutions.com (.. yes, this blog will continue). This post originally appeared in that blog. … Continue Reading

Brand Reputation is Number One Reason Businesses Engage in ESG

By Stuart Kaplow on September 19, 2021 Posted in Environmental, ESG, Sustainability

LEED can Mitigate Legal Risks in ESG Disclosures

By Stuart Kaplow on September 12, 2021 Posted in ESG, Green Washing, LEED

A Corporate Diversity Benchmark in ESG

By Stuart Kaplow on August 29, 2021 Posted in Codes and Regulations, ESG, State, Sustainability

Bury Your Head in the Sand and ESG will Go Away

By Stuart Kaplow on August 1, 2021 Posted in ESG

ESG has become such a large component of my law practice that I am now collaborating with a fabulous group attorneys in ESG Legal Solutions, LLC, a new non-law consulting firm. Nancy Hudes and I will be publishing a new blog beginning later this month at www.ESGLegalSolutions.com. And if we can assist you or a … Continue Reading