In this episode, Lindsey Rogerson, senior editor at Regulatory Intelligence is joined by Henry Engler, senior editor, to discuss what is happening with climate reporting for U.S. financial firms. Uncertainty looms large over sustainability regulation at the Federal level. The possible return to the U.S. presidency of Donald Trump and two cases before the U.S. Supreme Court and their likely effect on climate rules in the financial sector are discussed. At the State level it is a different picture. California lawmakers passing California SB-253 Climate Corporate Data Accountability Act (https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB253) and SB-261 Greenhouse gases: climate-related financial risk Act (https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB261) mean there is a lot for compliance, legal and risk professionals to be getting on with. Henry sets out what firms need to be doing now to ensure they are ready for the new rules by 2026. Links Recording of Henry Stern speaking on a panel at COP28: www.youtube.com/live/lGTasIEUmzA?feature=share ESG: Navigating past the noise by Henry Engler, Lindsey Rogerson and Yixiang Zeng can be downloaded here: www.thomsonreuters.com/en-us/posts/esg/esg-navigating-past-the-noise/ Green House Gas Protocol: https://ghgprotocol.org/scope-3-calculation-guidance-2 Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence. Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.