Consistent with various articles we have published over the past year, per this statement by the US Government, on November 10, 2022, the Biden Administration proposed a new rule that will require contractors serving the US Federal government to publicly disclose their Scope 1, Scope 2 and relevant category Scope 3 emissions if they have Federal contracts annually exceeding $50mm.
If you have US Federal government contracts between $7.5mm – $50mm annually you will need to disclose your Scope 1 and Scope 2 emissions, but not your Scope 3 emissions at this time.
If you are a sub-contractor or vendor to a contractor that meets the first requirement (ie, +$50mm in annual contracts with the US Federal government), you will likely need to report your Scope 1 emissions in order for them to report their Scope 3.
This rule will likely go into effect after the 60 day public comment period, ending January 13, 2023.
Edenark Group can help your company turn this into an opportunity.