NY Regulations

For Internal clarification on our strategy and tactics plan...

Next Steps to find sales opportunities from Regulations in New York State:

See top of the Priorities tab

Details:

1. Understanding the Regulatory Landscape -  See below details of Regulations

   1. Dates and Parameters:

      1. Clarify key dates for compliance.

      2. Define the parameters: Which sectors and company sizes are most affected?

   2. Deliverable Expectations (so we can match our vocabulary)

      1. Understand the process and administrative requirements.

      2. Identify potential reports, audits, or documentation needs.

2. Building a targeted prospect list - Profile Matching for our ideal profile of capabilities and Industry Sectors 

   1. They have an expansive ecosystem of divisions, partners, vendors, etc

   2. Product and Service Alignment: Our capabilities with their needs. 

      1. Our product function rollout

      2. Our technical integration services

      3. Our customer service management

   3. Their locations

   4. Culture-Match - We will engage through their Causes and other PR opportunities

   5. Competitive assessment for our differentiation

3.  Research organizational Insights into our CRM:

   1. Map out internal departments and divisions for decision-making hierarchies. and methods

      2. 1. CSO

         2. CFO

         3. Adjacent influencers

            1. Consultants and Advisors

            2. Auditors and Accountants - ensure legal compliance 

         4. Map to their existing technologies

   2. External Ecosystem:

      1. Detail the supply chain partners and vendors.

      2. Understand interdependencies and potential pain points.

4. Direct Outreach Strategies:

   1. Sales Engagement Tactics:

      1. Test and optimize phone/email outreach strategies.

      2. Explore the effectiveness of referral programs

      3. Utilize LinkedIn for personalized engagement.

   2. Event Participation:

      1. Host our own events to showcase expertise.

      2. Participate in industry gatherings for networking.

5. Leveraging Adjacent Partners:

   1. Partner Program Definition (with our dedicated managers)

      1. Define a robust partner program - Cooperative engagement process, deals, co-promotions, etc.

      2. Outline the revenue-sharing model and collaboration process.

6. Sales Enablement Content Creation (Appoint dedicated team)

   1. Align Marketing Support:

      1. Develop a marketing plan that complements sales efforts

      2. Calendar of topics, events, Regulations updates, etc.

      3. Leverage assets and ideas from the "Marketing" Tab: https://sites.google.com/view/copperwirecutler/marcom 

   2. Repeat Engagement Materials:

      1. Create content positioning us as leaders with POVs that help their efforts with solutions that are relevant and reliable.

         1. Delegation of our content plan to comment on(and take advantage of) industry issues and opportunities

            1. Our Blog, Social Networks, Podcast

            2. We can partner with Associations, Academics, and Journalists to analyze the specific impact of regulations on the industry.

      2. Ensure materials support ongoing engagement and relationship building.

      3. Create our LinkedIn strategy, timeline, design, and content process including milestones, content release schedules, and engagement plans.

         1. See my LinkedIn strategy page in the Marketing tab:  https://sites.google.com/d/1hmHbMiHMDkJRnZ06yRPGZD-4ZhL_HcY3/p/1dShKYToM4AXWTFlf_psnZS4QBnypNrNs/edit 

7. Itemize KPIs to measure the success of our sales and marketing benchmarks, tests, and tactics.

   1. Design internal processes for knowledge-sharing loops for continuous improvement and discovery of opportunities

      1. Use a project management platform like Asana

Regulation Summaries:

FYI, at the end of this page is a POV on IFRS/ISSP Programs

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New York: Lawmakers have proposed a bill (A 4123) that would require companies within the state with over $500 million revenue to annually disclose climate-related financial risks and measures to address such risks. Another bill (SB 897) would mandate businesses with over $1 billion revenue to report emissions annually to an emissions registry and to independently verify the disclosures. The state’s pending Fashion Sustainability and Social Accountability Act would require fashion retailers and manufacturers to disclose environmental and social diligence policies and establish a benefit fund for social justice communities.

Senate Bill S897A

2023-2024 Legislative Session

Establishes the climate corporate accountability act

https://www.nysenate.gov/legislation/bills/2023/S897/amendment/A

https://www.nysenate.gov/senators/brad-hoylman-sigal

Senate Bill S5437

2023-2024 Legislative Session

Requires certain corporations to annually prepare a climate-related financial risk report for submission to the secretary of state and to make such report available to the public

https://www.nysenate.gov/legislation/bills/2023/S5437

https://www.nysenate.gov/senators/pete-harckham

Miscellaneous Notes

https://www.dec.ny.gov/energy/126504.html

Due dates for New York State's Climate Change Statutes, Regulations, and Policies:

Climate Leadership and Community Protection Act (Climate Act):

40% reduction in greenhouse gas emissions from 1990 levels by 2030.

85% reduction in greenhouse gas emissions from 1990 levels by 2050.

Net-Zero emissions statewide by 2050. 100% zero-emission electricity by 2040.

70% Renewable Energy by 2030.

Community Risk and Resiliency Act (CRRA):

Expand the scope to include all permits subject to the Uniform Procedures Act and expanded consideration of all future climate hazards for applicable programs.

Require DEC to take actions to promote climate adaptation and resilience.

6 NYCRR Part 496 Statewide Emissions Limits: Adopts statewide percentage emission reduction requirements from 1990 baseline, as set forth in the Climate Act, into tonnage limits based on carbon dioxide equivalents.

6 NYCRR Part 494 Hydrofluorocarbon Standards and Reporting: Establishes prohibitions on listed hydrofluorocarbon (HFC) substances in certain end uses. Prohibitions include the sale, offer for sale, installation, and commercial use of certain HFCs in new or retrofitted food refrigeration equipment, large air-conditioning equipment (or chillers), foams, and aerosol propellants.

6 NYCRR Part 492 Climate Smart Community Projects: Clean vehicle and climate adaptation and mitigation project funding. Financial rebates to municipalities that lease or purchase qualifying clean vehicles and funding for qualifying clean vehicle infrastructure. Funding assistance for municipalities for climate change adaptation and mitigation projects including,natural resiliency measures, nature-based mitigation projects, relocation or retrofit of existing facilities due to flooding or sea level rise, and climate change adaptation planning and supporting studies.

6 NYCRR Part 490 Projected Sea-Level Rise: Establishes official science-based sea level rise projections for New York State in accordance with CRRA requirements. Includes projections for three specified geographic regions of New York State over various time intervals without imposing any requirements on any entity.

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https://news.bloomberglaw.com/in-house-counsel/california-climate-bills-to-boost-efforts-in-n-y-other-states

? - https://climate.ny.gov/Resources/Climate-Action-Council

NYC

https://www.nyc.gov/assets/nycaccelerator/downloads/pdf/ClimateMobilizationAct_Brief.pdf

? - https://corpgov.law.harvard.edu/2023/03/11/esg-battlegrounds-how-the-states-are-shaping-the-regulatory-landscape-in-the-u-s/

https://www.jdsupra.com/legalnews/what-the-labyrinth-of-state-6709328/

Where does this intersect with IFRS/ISSP programs? - Here is a POV:

  I am talking to Dr. Bob Pojasek about his POV. See https://www.linkedin.com/in/bobpojasek/recent-activity/all/  --  rpojasek1@gmail.com 

New York cannot propose what has already been put into place by IFRS even though the United States jurisdiction has not yet come together.  I am not familiar with the New York information and the United States jurisdiction establishment.  New York must wait to see what their future jurisdiction distinction plans to do.  Then they can only add to the IFRS/IOSCO information OR be asked to remove items and specifications in the United States program. 

 IFRS-ISSB has a global focus.  It will regulate all publicly traded companies in 130 jurisdictions specified by IOSCO – that represents the locations of the 130 “securities and exchange commissions.“  This group helps the exchanges remain in compliance with the practices that are in place at the 130 jurisdictions.  The United States is one of those jurisdictions.  IFRS will also “overrule or add to” whatever the state of New York decides to do with the existing IFRS-ISSB requirements.  I said before that IFRS-ISSB used an international “consultation process” where anyone could comment on what would be established.  IFRS responded to the program and then reissued the consultation process for some of the issues that might be in the way of the confirmation of the new regulation.  IOSCO also prepared documents for comment of IFRS’s response to the questions.  You might go to the IFRS site and look for the disclosure of all the comments submitted during these consultation processes.  I would venture that New York State does not operate in that manner.   You can probably get more information from the IFRS.org website.  You can register (for free) to get access to the IFRS website, and they will send you information on how this sustainability/climate change has been setup as required by the consultation.  You can register on the IFRS site to get documents that they have online. One of the tabs on this site is for connection to ISSB.

The regulatory group in the United States is the US Securities and Exchange Commission.  In New York there is a group that looks like a “securities and exchange commission” for the State of New York.  Both groups in New York usually work closely with IOSCO for their work.  IOSCO is a major supporter of the 130 jurisdictions. 

You might try to find information on the Internet about the relationship of IOSCO and the State of New York (in the United States jurisdiction. As I understand it, the State of New York would need to meet all the requirements.  They could ADD items if they are deemed reasonable by IOSCO. IFRS-ISSB requirements are now considered essential for compliance in all the jurisdictions. 

The State of New York and New York City are not jurisdictions! 

For interference in what is happening under the above information, there would be litigation.  The State of California has issued new greenhouse gas requirements.  You can check to see how they compare – two states with new requirements that are not following the IFRS/IOSCO jurisdiction requirements.  IFRS/IOSCO have used the same model to establish a means of resolving “accounting’ disputes between countries.  They have been doing this for more than 20 years.  There is information on the IFRS website for that contract as well.  Massachusetts decided NOT to participate and was forced to find another party to make sure that Massachusetts was using a model that conformed to that program.  That program has been in place for more than 20 years now.

https://www.ifrs.org/ 

International Sustainability Standards Board - 

https://www.ifrs.org/groups/international-sustainability-standards-board/ 

International Organization of Securities Commissions - https://www.iosco.org/about/?subsection=about_iosco