Clean Energy Tax Credits for Nonprofit Organizations
The Inflation Reduction Act of 2022 (“IRA”) includes a host of tax incentives intended to accelerate investments in clean energy solutions. Nonprofit organizations that participate in clean energy projects or investments may benefit from these incentives. Proposed regulations under the IRA allow tax-exempt organizations to benefit from certain clean energy credits, by electing direct payment…
Key takeaways from GRF’s 2024 ESG Summit
On Wednesday, April 24, 2024, GRF brought together a panel of leading industry experts to provide a comprehensive overview of ESG, including current trends and regulations for measuring, monitoring, and reporting on Environmental, Social and Governance (ESG) initiatives. The half-day summit was jam packed with actionable information and advice. Bookmark this page! In upcoming posts,…
GRF CPAs & Advisors Partners with Sustain.Life to Offer Sustainability Software
A new partnership to help organizations measure, manage, and report on their sustainability practices. UPDATE June 18, 2024 – Sustain.Life has been aquired by Workiva to create Workiva Carbon. This acquisition will expand Workiva’s industry-leading platform for ESG, Financial Reporting, and GRC with the addition of Carbon Accounting, Carbon Management, and Decarbonization. Read more >>…
Greenhouse Gas Emissions: Understanding and Reporting on Scopes 1, 2, and 3
Many organizations are actively working to diminish their greenhouse gas (GHG) emissions. When tracking and reporting progress, the terms ‘Scopes 1, 2, and 3 emissions’ are frequently used. But what do these designations mean? Scopes 1, 2, and 3 Defined The ‘scopes’ for reporting come from the Greenhouse Gas Protocol (GHG Protocol), an international organization…
Greenhouse Gas Emissions: Defining Scopes 1, 2, and 3
Many organizations are actively working to diminish their greenhouse gas emissions. When tracking and reporting progress, the terms ‘Scopes 1, 2, and 3 emissions’ are frequently used. But what do these designations truly signify? On the journey to achieving net zero emissions, organizations measure and assess their greenhouse gas emissions through three distinct ‘scopes.’ The…
ESG for Non-Profit Risk Managers
Bottom Line: ESG is becoming more important to donors, employees, partners, and other stakeholders. Non-profit risk managers need to be prepared to answer tough questions about how their organization is managing critical ESG risks. ESG Basics for Non-Profits ESG refers to environmental, social, and governance factors in an organization’s operations. There is no universal definition…
How ERM Helps Organizations Navigate Their ESG Journey
ESG (Environmental, Social, and Governance) frameworks provide a sustainable approach to doing business. Existing ERM tools can help support these efforts.
Workshop Highlights: Navigating the World of Uncertainties Impacting Non-Profit Organizations
The 4th Annual GRF /NC State ERM Workshop for Nonprofits was held on February 23 and 24, 2023. Nonprofit executives and board members from across the U.S. came together to share their experiences and discuss strategies and tactics for strengthening enterprise risk management at tax-exempt organizations. Melissa Musser, Partner and Director of GRF’s Risk Advisory…