Deals & Investment

Not a values question.
A valuation question.

Enter a target’s turnover, balance sheet, headcount and jurisdiction, and see which climate and sustainability regimes it already falls under — each threshold tested limb by limb, with the figure applied and the provision it comes from. Under five minutes. Create an account and your first target is free.

Screen a target →$4,900 USD/yr
Screening your own obligations instead? Take the free assessment →
SB 253CSRDSECRCS3DCanada S-211IFRS S2TCFDM&A diligencePE / family office
$1 billion
revenue trigger
SB 253 catches any US company over $1bn total annual revenue doing business in California — privately held or public.
California Health & Safety Code §38532 (SB 253)
IFRS S2
per jurisdiction
28 jurisdictions have adopted the ISSB standards on a voluntary or mandatory basis, with a further 12 planning to (April 2026)
S&P Global ISSB tracker, 22 April 2026
Four outcomes
every threshold test
Applies, near-threshold, not applicable, or not assessed. A test we could not complete never comes back clean.
What a screen returns

Six figures in. A defensible answer out.

Which rules bite, and on which limb.
SB 253, CSRD, SECR, CS3D, Canada’s S-211 and the rest, tested against the target’s turnover, balance sheet total and headcount. Every limb is printed with the figure applied, the threshold it met or missed, and the provision it comes from.
What is close, as well as what applies.
Targets sitting just under a threshold come back in their own table — the ones that cross it on the growth you are underwriting.
What compliance will cost them.
A build cost derived from the target’s own size and number of sites, shown alongside cited consultant benchmarks for the same scope of work.
What the exposure is worth against your price.
A band expressed as a percentage of deal value, weighted by sector and by how many regimes bite. Presented as exposure, never as a quote.
What is missing from the data room.
Whether the target holds a verified GHG inventory and a current ESG report — the first two things you will ask for, and the basis of the mandate.
Where the sector risk usually sits.
The ESG risks typical of the target’s sector, each tied to the regime that governs it and conditioned to the jurisdictions the target is actually established in. Flagged for your attention, not measured.
Why the answer holds up

Built to survive the other side’s advisor.

Size tests are run the way the statute writes them.
SECR is a two-of-three test over turnover, balance sheet and headcount — not turnover alone. Each limb is reported separately, so a disagreement is about a figure rather than about an opinion.
Currency never quietly changes the answer.
Revenue is converted at a dated ECB reference fixing; the statutory threshold is never restated. The figure on your report still matches the legislation word for word, and the report prints which fixing a borderline call relied on.
A blank never becomes a pass.
Where a figure was not supplied, the report says so and names the figure that would settle it. Nothing comes back clean because the question was never asked.
Where a test is incomplete, it says that too.
CS3D’s route tests are not exhaustive, and the engine treats a failed size test as unresolved rather than as a clean negative.
Across the deal

Who pays, and who does the work.

Before you engage
Screen
Enter revenue, balance sheet, headcount, sites, jurisdiction and sector. Obligations resolve against current thresholds — with what compliance will cost the target and what the exposure means for your price. Anything the screen cannot settle comes back as not assessed, naming the figure it needs.
Who pays: You
Effort: Under five minutes. Unlimited targets.
Once you are engaged
Mandate
Hand the target a link to their own results — the thresholds they cross, alongside the risks typical of their sector — and make it a condition of proceeding. They build the inventory on their budget, because they owe it to the regulator whether your deal closes or not.
Who pays: The target
Effort: Theirs. Independently verifiable.
After close
Inherit
The baseline built during diligence stays where it was built and becomes the company’s reporting record. The same inventory carries forward — nothing re-collected, nothing rebuilt from scratch.
Who pays: The portfolio company
Effort: Theirs, as it would be anyway.
SB 253 — M&A liability

Acquiring a California company?
You inherit their SB 253 obligations.

A target with California nexus and revenue over $1bn is a reporting entity in its own right, and stays one after you buy it. The screen tests that threshold against the figures you enter and prints the limb, the figure and the provision — so the obligation is priced into your deal rather than discovered after it.

✓SB 253 tested against the target’s own revenue, with the provision cited
✓What the inventory will cost them to build, from their size and site count
✓The gap list you hand the target as a condition of proceeding
Climate diligence frameworks
SB 253
Tested on revenue over $1bn with California nexus
CSRD / ESRS E1
EU disclosure obligations, tested limb by limb
SECR
UK two-of-three test on turnover, balance sheet and headcount
CS3D
Post-Omnibus size test, reported as unresolved where the route is not met
Canada S-211
Two-of-three test on assets, revenue and employees
Use cases

Built for every deal structure.

Private Equity
Screen every target in a competitive process, not just the ones that reach exclusivity. Obligations and their cost land before you commit, and the target carries the work.
Family Office
One screen per target, unlimited targets, no advisor engagement to open. Walking away costs you the five minutes it took to look.
Corporate M&A
Find out whether a target already falls under SB 253, CSRD or SECR before the integration plan assumes it does not.
Investment Banking
Give a credit committee a threshold test with its provision cited, rather than an adjective about ESG risk.
Venture Capital
Know which of your growth-stage targets is about to cross a reporting threshold, and how much the crossing costs them.

Your first target is free.

Create an account and screen one — the complete report, every limb tested, nothing held back and no card. The subscription is for when you have a pipeline rather than a deal.

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