Expansive requirements will apply to large public and private companies doing business in California and indirectly impact businesses in their value chain -

On October 7, 2023, California Governor Gavin Newsom signed two climate-related disclosure laws intended to significantly increase public information available regarding businesses’ greenhouse gas emissions and climate-related risks. These are groundbreaking laws in the United States as the expansive disclosure requirements broadly apply to both public and private business entities that do business in California and meet specified annual revenue thresholds.