Climate Action in Financial Institutions Initiative: Inspiration for the PCAF Global Accounting and Reporting

Climate Action in Financial Institutions Initiative: Inspiration for the PCAF Global Accounting and Reporting

Welcome back to our Banks, Borrowers, and Climate Change series! In case you missed our introduction to the series, you can read it here. Our first blog in the series, “Banks, Borrowers and Climate Change: How Disclosure of GHG Emissions Will Impact the Lending Process for Publicly Traded Corporations” is also available. The bottom line: The SEC will require public companies, including banks, to disclose annual carbon emissions from their operations in their annual report.

NFL Green Touchdown: Sustainability Highlights at the 2024 Super Bowl

NFL Green Touchdown: Sustainability Highlights at the 2024 Super Bowl

In the highly anticipated 2024 Super Bowl between the San Francisco 49ers and the Kansas City Chiefs, the National Football League (NFL) is not only showcasing top-tier athletic talent but is also making a significant impact through its sustainable initiative, “NFL Green.” As the world turns its attention to the game, let’s delve into the specific efforts and innovations that mark this year’s Super Bowl as a milestone in environmentally conscious sporting events.

Banks, Borrowers and Climate Change: How Disclosure of GHG Emissions Will Impact the Lending Process for Publicly Traded Corporations

Banks, Borrowers and Climate Change: How Disclosure of GHG Emissions Will Impact the Lending Process for Publicly Traded Corporations

The EI Group, in collaboration with Environmental Risk Innovations (ERI), recently launched a joint blog series which outlines the impact of the SEC’s proposed climate disclosure rule, which will require all publicly traded corporations, including banks, to disclose their direct and indirect GHG emissions. For manufacturers, carbon emissions are generally those resulting from the products they produce (direct), from the production of energy used in their production process (indirect) and their supply chain (indirect). For publicly traded banks, this concept is slightly more abstract.

The SEC Targets Financed Emissions: Banks, Borrowers and Climate Change

The SEC Targets Financed Emissions: Banks, Borrowers and Climate Change

As climate change becomes an increasing risk to financial stability—whether by natural disasters such as hurricanes, rising sea levels and wildfires, or to corporations from increased costs associated with transition to a lower-carbon economy—financial institutions are exploring ways to integrate this segment of risk management into their operations. This initiative is being driven by a standardized climate disclosure rule anticipated for release by the Securities and Exchange Commission (SEC) in early 2024.

The Newly Regulated NFPA 70B: What Does It Mean and What Does It Cover?

The Newly Regulated NFPA 70B: What Does It Mean and What Does It Cover?

Unplanned downtime, equipment failures and safety hazards brought on by the electrical infrastructure that was installed as a “run to fail” system can have severe consequences. To address these concerns, the National Fire Protection Association (NFPA) has developed the NFPA 70B. This set of guidelines provides a framework for establishing and maintaining an effective electrical preventive maintenance (EPM) program. The NFPA 70B transitioned from a recommended practice to a standard as of January 2023. Understanding that a standard has language such as “shall” means that the Authority Having Jurisdiction (AHJ) can use the 70B as an enforceable code.

What is the European Union CLP and How Does it Impact Your Business as a Chemical Exporter in the US?

What is the European Union CLP and How Does it Impact Your Business as a Chemical Exporter in the US?

The European Union (EU) CLP (Classification, Labelling, and Packaging) Regulation falls under the broader framework of chemical regulation in the European Union. The primary legal basis for the CLP Regulation is Regulation (EC) No 1272/2008.

This regulation, more commonly referred to as the CLP Regulation, aims to align the EU system for the classification, labeling, and packaging of substances and mixtures with the Globally Harmonized System of Classification and Labelling of Chemicals (GHS). The GHS is a globally recognized system developed by the United Nations to standardize the communication of hazards associated with chemicals.

Ladder Safety – A Critical but Overlooked Safety Program

Ladder Safety – A Critical but Overlooked Safety Program

Ladder safety is critical in the workplace to prevent accidents and ensure the safety of employees.  Each year in the U.S. there are more than 164,000 emergency room-treated injuries and 300 deaths that are caused by falls from ladders.  An estimated 81% of fall injuries treated in hospital emergency rooms involve a ladder.  In most situations, ladders were used improperly.  The most frequent ladder injuries include broken bones and head injuries.  This is why it is crucial for employers to comply with ladder safety requirements set by regulatory bodies like OSHA and ANSI.

Ergonomics: Connecting the Human Body and Workplace Environment

Ergonomics: Connecting the Human Body and Workplace Environment

In recent years, the buzz word “ergonomics” has gained some much-deserved attention.  Many have heard the term, yet do not have a full appreciation of its historical importance or significance in today’s workplace.  The concept of ergonomics has Greek origins, with Ergon meaning “work” and Nomos meaning “law”.  It is notable that the principles of ergonomics have been around for centuries, while the emergence of large-scale manufacturing during The Industrial Revolution fueled its foundation.  The term “ergonomics” was initially coined in 1857, recognizing the relationship of the human body to work productivity. 

Why Your Company Needs to Start Re-Evaluating its ‘Carbon Neutral’ Claims

Why Your Company Needs to Start Re-Evaluating its ‘Carbon Neutral’ Claims

In 2026, the European Union (EU) will begin enforcing a new agreement that would ban misleading advertisements and provide consumers with better product information to curb greenwashing and early obsolescence of goods. Generic environmental claims such as “environmentally friendly,” “natural,” “biodegradable,” “climate neutral,” or “eco” will be banned unless the company can provide evidence of recognized “excellent environmental performance relevant to the claim.”

Clean Classrooms for Carolina Kids: A Program for Safer and Healthier Schools

Clean Classrooms for Carolina Kids: A Program for Safer and Healthier Schools

Schools are meant to be safe havens for children, fostering an environment where they can learn, grow, and thrive. However, in North Carolina and across the United States, there’s an alarming issue that threatens the safety of students and staff alike: lead-based paint and asbestos in schools. These hidden dangers, if not addressed promptly and effectively, can have severe health consequences. In this blog, we will explore the presence of lead-based paint and asbestos in North Carolina schools, the risks they pose and the steps being taken to mitigate these hazards.

What’s the Difference Between OSHA Standards and Consensus Standards? Must I Comply with Both?

What’s the Difference Between OSHA Standards and Consensus Standards? Must I Comply with Both?

The Occupational Safety and Health Act of 1970 (OSH Act) was passed to prevent workers from being killed or seriously harmed at work. This law created the Occupational Safety and Health Administration (OSHA), which sets and enforces protective workplace safety and health regulatory standards. Compliance with regulatory standards is not just a legal obligation, but a fundamental commitment to the well-being of employees. Workplace safety is constantly evolving so it is essential for workplaces to maintain a level of adaptability to stay up to date as regulatory changes occur.

Confined Spaces Have a Plethora of Inherent Dangers

Confined Spaces Have a Plethora of Inherent Dangers

Confined spaces are typically characterized by limited entry and exit points, poor ventilation and restricted mobility, which can create deadly conditions. One of the most significant dangers is the risk of atmospheric hazards such as oxygen deficiency, toxic gases or flammable substances, which can accumulate within confined spaces and pose immediate threats to anyone entering them. Additionally, the confined nature of these spaces can make it difficult to escape in the event of an emergency, increasing the potential for injury or fatality.

Achieving Zero Waste to Landfill: A Sustainable Journey

Achieving Zero Waste to Landfill: A Sustainable Journey

In a world struggling with environmental challenges, adopting a zero waste to landfill approach is a significant step towards a more sustainable future. The idea behind this concept is simple but powerful: minimize the waste you produce to the extent that nothing ends up in a landfill. While achieving zero waste might seem like an impossible goal, it is an essential endeavor that individuals, communities and businesses can work towards.

The Current Challenges of Process Safety Management

The Current Challenges of Process Safety Management

Process safety management (PSM) is a critical aspect of ensuring the safety and integrity of industrial processes, particularly in industries such as chemical manufacturing, oil and gas production, and pharmaceuticals. While the specific challenges may vary depending on the industry and the nature of the processes involved, there are several common challenges associated with PSM.

How Do I Determine How Often I Need an STI AST SP001 External Tank Inspection and Find a Certified Inspector?

How Do I Determine How Often I Need an STI AST SP001 External Tank Inspection and Find a Certified Inspector?

According to the STI AST SP001 External Tank Inspection standard, the frequency of inspections for ASTs can vary depending on several factors, including the tank’s age, the material stored and local regulations. The standard provides general guidelines for inspection intervals, but the specific schedule should be determined based on a risk assessment and the conditions of the tank and its surroundings.  It is critical to determine the AST category, which aids in establishing the appropriate inspection schedule and maintenance plan. 

What Industries that Typically Use ASTs Would Be Subject to an STI AST SP001 External Tank Inspection?

What Industries that Typically Use ASTs Would Be Subject to an STI AST SP001 External Tank Inspection?

The industries that typically use aboveground storage tanks (ASTs) are numerous; however, they can be summarized as being those that typically store liquids including petroleum products, chemicals and other hazardous materials and wastes.  Industries will often choose to utilize ASTs due to their convenience, accessibility and relative ease of installation compared to underground storage tanks.

What Exactly is an STI AST SP001 External Tank Inspection and Do I Need One?

What Exactly is an STI AST SP001 External Tank Inspection and Do I Need One?

STI SP001 refers to a standard published by the Steel Tank Institute (STI). The STI is a trade association that focuses on promoting the quality and safety of steel tanks by providing guidelines for the inspection of aboveground storage tanks (ASTs) and related products.  ASTs typically contain petroleum products, chemicals and other hazardous materials.  The standard outlines the necessary procedures for inspections and addresses repairs, alterations and reconstruction of ASTs.

What the Hawaiian Wildfires Mean for Climate Sustainability

What the Hawaiian Wildfires Mean for Climate Sustainability

The current wildfires in Hawaii, like wildfires anywhere, have significant implications for climate sustainability. While Hawaii is known for its lush landscapes and tropical climate, it is not immune to the effects of climate change and the associated increase in the frequency and intensity of wildfires.

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