Climate Change Data

O’Melveny & Myers LLP

Climate Impact & Sustainability Data (2020, September 2024)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Water Management
  • Climate Change
  • Infrastructure Investment

Climate Goals & Targets

Environmental Challenges

  • Depleting water reserves
  • Increased water demand for agriculture
  • Climate change (drier regions, worse droughts)
  • Water pollution
  • Groundwater depletion
  • Fragmented water management
  • Water inequality highlighted by COVID-19
  • Declining operational revenue for water utilities
  • State and local government deficits impacting water infrastructure funding
  • Ethiopian-Egyptian water dispute
  • Turkish control of Tigris and Euphrates dams
Mitigation Strategies
  • Public-Private Partnerships (PPPs) for water infrastructure investment (e.g., Rialto Water & Wastewater Partnership, Carlsbad Desal Plant)
  • Water banking investments
  • Investment in agricultural properties to address food demand
  • HR 2 infrastructure bill with $40 billion for clean water projects

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Groundwater depletion
  • Seawater intrusion
Transition Risks
  • Changes in water regulations
  • Water scarcity impacting agricultural production
Opportunities
  • Investment in water infrastructure
  • Water banking
  • Water trading markets

UN Sustainable Development Goals

  • SDG 6: Clean Water and Sanitation

Reporting Period: September 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Chemical and Hazardous Waste Management
  • Marine Environment Protection

Environmental Achievements

  • Reduction in GHG emissions (specifics vary by country and agreement, e.g., EU's 40% reduction by 2030 compared to 1990 levels; US commitment to reduce emissions by 26-28% below 2005 levels by 2025)
  • Reduction in the size of the ozone hole over Antarctica by an average of 20% since ratification of the Montreal Protocol

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • EU's goal of reaching net-zero GHG emissions from international shipping close to 2050
  • Achieving carbon neutrality or net zero status by 2050 in line with the EU’s goals in the European Climate Law
Medium-term Goals:
  • EU's goal to reduce GHG emissions by at least 70% by 2040 compared to 2008 levels
  • EU's commitment to ensure an uptake of alternative zero and near-zero GHG fuels by 2030
  • 30 by 30 target under the Kumming-Montreal Global Biodiversity Framework
Short-term Goals:
  • EU's goal to reduce GHG emissions by at least 20% by 2030 compared to 2008 levels
  • EU's phase-out of free ETS allowances for less exposed sectors by 2030

Environmental Challenges

  • Many countries not achieving deadlines for POPs bans or use restrictions
  • Lagging efforts on management and disposal of PCBs
  • Challenges in implementing the Paris Agreement's compliance mechanism
  • Insufficient initial NDCs to achieve Paris Agreement goals
  • Variations in implementation of EU directives across Member States
  • Difficulties in enforcing international regulations on marine pollution from vessels registered in states with weak enforcement capabilities
  • Challenges in coordinating international efforts on contaminated land remediation due to varying national laws and funding mechanisms
Mitigation Strategies
  • Amendments to the Montreal Protocol to speed up the phasing out of ozone-depleting substances and reduce HFC emissions
  • Establishment of a fund to assist developing countries in switching to CFC substitutes
  • EU's Carbon Border Adjustment Mechanism (CBAM) to prevent carbon leakage and incentivize non-EU countries to reduce emissions
  • EU's Integrated Pollution Prevention and Control (IPPC) and Industrial Emissions Directive (IED) to improve environmental management in various industries
  • EU's Seveso III Directive to prevent major accidents involving hazardous substances
  • EU's REACH regulation to improve chemicals regulation
  • EU's WEEE/RoHS Directives to reduce the environmental impact of waste electrical and electronic equipment
  • EU's Environmental Liability Directive to enforce remediation of environmental damage
  • Various national contaminated land programs with different approaches to liability and funding

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: UNFCCC, Kyoto Protocol, Paris Agreement, Stockholm Convention, Cartagena Protocol, Montreal Protocol, UNCLOS, Convention on Biological Diversity, EU Emissions Trading Scheme (ETS), EU Industrial Emissions Directive (IED), EU Seveso III Directive, EU REACH regulation, EU WEEE/RoHS Directives, EU Environmental Liability Directive, EU NFRD, EU SFDR, EU CSRD, EU CSDDD, TCFD, IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed