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Sustainability in business means conducting operations to consciously avoid negative impacts to the environment and your surrounding community. The goal is to ensure that short-term profits don’t become long-term liabilities. Research shows that companies with high sustainability ratings have a lower cost of debt and equity, and that sustainability initiatives can improve financial performance while encouraging public support. In other words, “doing good” has a direct impact on your company’s ability to “do well.”
Congress has enacted tax credit programs to encourage corporate responsibility through investment in sustainable practices that create jobs and reinvigorate communities. Under the new rules, taxpayers can qualify for significant credits to offset their federal income tax liability, while taxpayers with no federal tax liability can collect cash through direct payments from the IRS or the transfer of unused clean energy credits on the open market. There are a variety of credits available that may positively impact your tax strategy and, in turn, your ESG strategy. Your organization may also need to consider plans, policies, and operations to remain competitive with customers and compliant with regulators as state and federal bodies develop reporting requirements.
Our sustainability team helps you understand and implement available tax incentives that create capital and economic growth for your company, while ensuring you remain in compliance with new regulations and reporting standards. As you invest in corporate responsibility, we’re here to guide you and your company as you invest in corporate responsibility, understand your obligations, and do well by doing good.
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What SB 253 and SB 261 Mean for Your Company's Sustainability Goals
When running a business, a variety of challenges and opportunities present themselves. Our breadth of services span every category. Based on your business goals, we’ll find the right solutions to meet the moment.
Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
