by Michael Harris, Vice President and General Manager, Johnson Controls
The need for companies to measure their energy usage and carbon emissions just became more urgent.
Recently, the U.S. Securities and Exchange Commission issued new guidance to publicly traded companies: you must disclose the impact of climate change and climate change regulation on your business.
Included are actual physical effects of severe weather, rising sea levels, changes in demand for products and other direct impacts that may result from a changing climate. In addition, companies must also disclose risks and opportunities they may experience from either existing or potential regulation of their carbon emissions.
The SEC’s action comes on the heels of two important reports about the growing market in the U.S. and worldwide for carbon management tools – an industry in which Johnson Controls is a recognized market leader. » More: Energy & emissions: growing demand to measure and report