California Passes GHG Emissions Reporting and Climate-Related Financial Risk Legislation

Governor Newsom has committed to signing into law two bills that would require certain companies that do business in California to disclose their GHG emissions and climate-related financial risks.

In January 2023, California Senators Scott Wiener, Henry Stern, and Lena Gonzalez reintroduced revised versions of three climate bills that failed to pass the California Legislature last year. On September 17, 2023, California Governor Gavin Newsom committed to signing two of those bills into law: the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261).

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