As promised at its last virtual public workshop on August 21, The California Air Resources Board (CARB) has posted on its website a preliminary list of companies that may be subject to The Climate Corporate Data Accountability Act (SB 253) and The Climate-Related Financial Risk Act (SB 261) (each bill as amended by Senate Bill 219).
While CARB is still finalizing its definitions of “total annual revenues” and “doing business in California,” the list may help companies assess whether they are likely to be in scope. However, it should not be considered definitive due to the current lack of clear guidance or formal rulemaking from CARB.
To help validate the information in CARB’s preliminary list of entities, CARB is requesting stakeholder feedback through a voluntary survey tool. CARB is encouraging companies that believe they may be subject to the requirements of SB 253 and 261, or may qualify for an exemption, to complete the survey, available here.
According to the timeline presented during the workshop, a Notice of Proposed Rulemaking is expected to be released for public comment on October 14.
