SEC GHG disclosure, Four climate tech CEOs share their journey, Business benefits of vacation
Plus: $100M invested in better buildings. Khosla Ventures and smarter greenhouses. Ultimate frisbee and Buddhism for better leadership. Avoiding thick skulls. (vol 145)
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Today’s topics.
🏭 Big news: SEC requires 3,000+ companies to disclose GHG emissions
🎙️ Four climate tech CEOs share their journey
💀 How to avoid thick skulls
🌴 Business benefits of vacation
1.
🏭 Big news: U.S. SEC requires 3,000+ companies to disclose GHG emissions
Earlier this month, the SEC finished a two-year review process — with over 24,000 comments (not from cheerleaders) — regarding proposed rules for U.S. public companies to disclose Scope 1 (direct), Scope 2 (indirect), and Scope 3 (supply chain) greenhouse gas emissions.
The result?
Scope 1 and 2 emissions only have to be disclosed to investors if companies deem them to be financially relevant — i.e., “material.”
Scope 3 emissions do NOT need to be reported. But no worries, “for many businesses, Scope 3 emissions account for more than 70% of their carbon footprint.” (Deloitte) 😒
The biggest companies will start reporting GHG emissions in 2026. 😴
But that’s not the whole story…
“California’s measure passed last October requires both public and private companies operating in the state with more than $1 billion in revenue to report their direct and indirect emissions, including Scope 3.
The European Union also adopted sweeping disclosure rules that will soon take effect.” (AP)
Since the biggest companies are doing business in California or the EU, they’re likely to begin setting up the infrastructure to track Scope 1, 2, and 3 emissions for the entire footprints much sooner than the SEC would require.
2.
🎙️ Four climate tech CEOs share their journey
Bored on your commute to work? Let’s fix that problem.
Check out the EFI (Entrepreneurs for Impact) podcast and hear 160+ climate tech CEOs and investors answer questions like these:
How do you make money?
How have you raised capital to grow your business?
What has been the hardest part about scaling your venture?
What is your investment process?
How can emerging professionals or career switchers be more effective in building careers of impact?
What are 2-3 habits and routines that keep you focused, healthy, and sane — e.g., meditations, exercise, productivity hacks?
Here are the four most recent podcast guests to get you started…
#171: Mike Hall, CEO of Anza Renewables
Smarter Solar and Battery Procurement. Private Equity Investment. 500x Solar Growth. Ultimate Frisbee Meets Buddhism. Founder Happiness Without Unicorns.
#170: Gilwoo Lee, CEO of Zordi
Khosla Ventures Investment. PhD in AI. Smart Agriculture. Robots for Sustainability. Delicious Berries. Inspiring Billionaires. Selling on Non-Climate Benefits.
#169: Amit Gupta, CEO of Aeroseal
$100M Invested in Heating and Cooling Energy Efficiency. 40 Years of Lab Testing. Managing Our Energy Like We Manage Our Time. Determined and Detached.
#168: Zach Jones, CEO of C-Zero
$500M plants. Investors such as Breakthrough Energy Ventures, SK Gas, and Engie. Decarbonizing Natural Gas. 45V Incentives. Skeptical Optimism.
3.
💀 How to avoid thick skulls
In his book, Hidden Potential: The Science of Achieving Greater Things, University of Pennsylvania professor and bestselling author Adam Grant offers this advice on seeking out feedback.
“The thinner your skin is, the thicker your skull becomes.
A fragile ego leads you to deflect and attack: You’re always in motion, but never changing.
Feeling secure leads you to listen and learn: You can take one step back to move two steps forward.”
We grow during discomfort. Feedback can be pretty uncomfortable.
Let’s seek it out. 💪
4.
🌴 Business benefits of vacation
Where did Lin-Manuel Miranda conceive of his Broadway mega-success Hamilton, the billion-dollar franchise?
Not while working 80 hours a week in an office.
It came to him while on vacation in a pool in a tropical resort.
"The moment my brain got a moment’s rest, ‘Hamilton' walked into it.”
With summer around the corner, let’s remember that rest can be the fuel for growth.
Not lost productivity.
If you need more convincing, check out this research from Scientific American.
That’s all, y’all.
Make it a great week because it’s usually a choice.
~ Chris
Dr. Chris Wedding: Founder @ Entrepreneurs for Impact — North America’s top CEO peer group for growth-stage climate tech, with 70+ entrepreneurs and investors representing over $20B of market value for climate solutions
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(As these photos show, I’m an actual human writing this newsletter. Not AI. 🤖)