Guide to California Climate Disclosure Rules

On October 7, 2023, Governor Newsom signed the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261) into law.

These bills require large companies that do business in California to report on scope 1,2, and 3 emissions and to disclose climate-related financial risk. They are the most extensive laws of their kind to date in America, with potential impacts for thousands of companies.

In this guide, we’ll explore both SB 253 and SB 261 in greater detail, covering:

• A summary of each climate disclosure rule, including its intended purpose, procedures, timeline for compliance, covered entities, and penalties
• How the recently revised SEC climate rule differs from SB 253 and SB 261, and which firms still need to contend with Scope 3 requirements
• The relevance and impact that these rules have on California and nation-wide
• Key activities to successfully prepare for SB 253

…and more! Fill out the form on the right to access the full guide.