Rapid Assessment Survey

Quickly self-assess your organization’s readiness to comply with upcoming regulatory disclosure requirements

Survey Report

Duration: Approximately 10 minutes

Understanding your organization's ESG disclosure readiness

Although climate disclosure regulations introduced by the SEC in March of 2024 have been put on hold and California's analogue does not go into effect until 2026, proactive leaders will recognize that compliance with these regulations is more of a question of "when" than "if." This survey uses a subset of the capabilities in Telesto's ESG Disclosure Readiness Tool to help your organization understand how prepared it is to meet the requirements of both the SEC and California regulations. This self-guided assessment will ask you questions about your organization's progress to date and let you know how that compares to the regulations' requirements.

To begin the survey, please click the button below. If you wish to take the survey anonymously, however, you can do so by clicking the link below.

01. How many employees are their in your organization?

02. Where in the U.S. is your company domiciled?

03. Is your company a listed registrant with the Securities and Exchange Commission (SEC)?

04. What is the approximate value of your company's public float (i.e., the value of the shares which are held by public investors)?

05. What is your company's approximate total annual revenue?

When determining if your company is based in California or considered to be "doing business in California," several factors should be taken into account. Consider whether your company has a physical office or place of business within the state, or if it employs individuals, agents, or representatives working in California.
06. Is your company based in California or considered to be "doing business in California?"

When determining if your company is based in California or considered to be "doing business in California," several factors should be taken into account. Consider whether your company has a physical office or place of business within the state, or if it employs individuals, agents, or representatives working in California.

07. Does your company use carbon offsets or renewable energy certificates as a material part of its climate strategy and / or meeting climate targets?

In the California provisions, "significant reductions" is not explicitly defined. Without further guidance, organizations can likely use their own discretion to determine whether their reduction commitments are "significant."
08. Has your company publicly committed to being "carbon neutral," to being "Net Zero," or to achieving significant carbon reductions?

In the California provisions, "significant reductions" is not explicitly defined. Without further guidance, organizations can likely use their own discretion to determine whether their reduction commitments are "significant."

09. Does your company have publicly disclosed climate-related targets (e.g. Net Zero emissions, 100% renewable energy use, zero waste)?

The SEC regulations currently exempt disclosure of amounts that aggregate to less than $100,000 of expenses and losses in the income statement, and less than $500,000 for capitalized costs and charges recognized on the balance sheet.
10. In the past fiscal year, did your company experience material losses, expenditures, or capitalized costs due to severe weather?

The SEC regulations currently exempt disclosure of amounts that aggregate to less than $100,000 of expenses and losses in the income statement, and less than $500,000 for capitalized costs and charges recognized on the balance sheet.

Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles). Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
11. Does your company currently report Scope 1 and Scope 2 emissions?

Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, vehicles). Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.

Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain (e.g., business travel, purchased goods and services).
12. Does your company currently report Scope 3 emissions?

Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain (e.g., business travel, purchased goods and services).

13. Are the methodology, key inputs, and assumptions your company used to calculate its emissions publicly disclosed?

14. If using carbon offsets, does your company report them separately from Scope 1 and 2?

Under the Kyoto Protocol, seven greenhouse gases produced by human activities should be considered:
  • Carbon dioxide (CO2) 
  • Methane (CH4) 
  • Nitrous oxide (N2O) 
  • Hydrofluorocarbons (HFCs) 
  • Perfluorocarbons (PFCs) 
  • Sulfur hexafluoride (SF6)
  • Nitrogen trifluoride (NF3) 
15. Do you consider "non-obvious sources" of greenhouse gases, such as refrigerants or byproducts, to account for the emission of gasses such as hydrofluorocarbons or methane?
Under the Kyoto Protocol, seven greenhouse gases produced by human activities should be considered:
  • Carbon dioxide (CO2) 
  • Methane (CH4) 
  • Nitrous oxide (N2O) 
  • Hydrofluorocarbons (HFCs) 
  • Perfluorocarbons (PFCs) 
  • Sulfur hexafluoride (SF6)
  • Nitrogen trifluoride (NF3) 

16. Does your company currently have assurance (attestation) for Scope 1 and Scope 2 emissions? At which level?

17. Does your company currently have assurance (attestation) for Scope 3 emissions? At which level?

18. If your company is using assurance, does it disclose following information about your assurance provider?

  • Whether it is subject to any oversight inspection program.
  • Whether it was dismissed, resigned, or declined to stand for reappointment during the fiscal year covered by the report. And if so, whether there were there any unresolved disagreements or differences of opinion that occurred at the decision-making level.

19. If your company is using carbon offsets, does it publicly disclose the underlying project, assumptions, and certification of authenticity associated with these offsets?

20. If your company uses carbon offsets, does it publicly disclose the cost of the offsets?

Current SEC guidance suggests that material risks are those that are reasonably likely to manifest both in the short-term and in the long-term, and likely to affect the consolidated financial statements, business operations, or value chain of a company.
21. Does your company currently report physical climate risk that it considers material to the business?

Current SEC guidance suggests that material risks are those that are reasonably likely to manifest both in the short-term and in the long-term, and likely to affect the consolidated financial statements, business operations, or value chain of a company.

22. Does your company's climate risk analysis use more than one climate scenario (e.g. RCP, SSP)?

For both the SEC and California regulations, it is left up to the reporting company to determine what are appropriate time horizons.
23. Does your company's climate risk analysis use more than one time horizon (e.g. short / medium / long term, different years)?

For both the SEC and California regulations, it is left up to the reporting company to determine what are appropriate time horizons.

24. Does your company report strategies or targets to mitigate material climate risk?

25. Does your company report transition risks (e.g. market, technology, reputation)?

26. Does your company publicly disclose board oversight on how climate risk is reported and managed?

27. Does your company publicly disclose management-level governance on how climate risk is reported and managed (e.g. which positions are responsible, what are their qualifications)?

28. What kind of public targets has your company set?

29. Are the climate targets quantitatively defined with a baseline year (e.g. 75% by 2050, baseline 2020)?

30. Is progress against the targets tracked and disclosed every year?

31. If material, does your company publicly disclose the costs associated with achieving those targets and the impact it had on financial estimates?

32. What was the primary severe weather event that materially impacted your company?

33. What was the primary material impact to the business?

34. If material, are expenses from severe weather damages reported?

35. If material, are capitalized costs from severe weather damages reported?

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The average score is 100%

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