BCLP Environmental Group Publishes Alert on Newly Adopted California Greenhouse Gas Reporting, Climate Risk Disclosure Requirements

Thousands of companies that do business in California will soon face new climate reporting mandates following Governor Gavin Newsom's approval of SB 253 (the Climate Corporate Data Accountability Act) and SB 261 (the Climate-Related Financial Risk Act). Together, the two laws establish a mandatory framework for greenhouse gas emissions reporting (SB 253) and climate risk disclosure (SB 261) that will impact many companies not currently covered by the U.S. Securities & Exchange Commission proposed climate disclosure rule, which applies only to publicly traded companies.

Our colleagues’ alert, “Dis-closing Time: Golden State Enacts Greenhouse Gas Reporting, Climate Risk Disclosure Requirements,” is available here.