New US, EU Climate-Related Disclosure Requirements Will Have Ripple Effects Through Value Chains
Reporting on GHG emissions and climate-related risks to kick off in 2026 in the EU and California
Reporting requirements in the EU, California, and likely soon at the US Securities and Exchange Commission will have companies probing deeper in their value chains for sustainability information and attempting to calculate Scope 3 greenhouse gas emissions with limited resources, potentially with unfavorable implications for smaller businesses, industry advocates say.
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Maggie Spicer, attorney and founder of Source Beauty LLC, discusses her approach with clients to developing green claims they can feel confident about.
Whether it’s called ESG, impact and sustainability, or any other name, the relationship between beauty brands and the people and planet affected by their products and operations is a serious consideration for a coveted class of young consumers. “I don’t think political pressure against the term ESG can counteract a 15-year-old on TikTok,” says attorney and Source Beauty founder Maggie Spicer.
Trade association leaders and industry experts highlight priorities for the year ahead, from tackling mounting sustainability and green science challenges to meeting new MoCRA requirements and educating European policymakers, new and old, on the cosmetics industry’s value and needs.