Article
Ongoing Uncertainty Around California’s Climate Disclosure Laws
Environment+Energy Leader
by Sedina L. Banks
Environmental Partner Sedina Banks authored an article for Energy+Environment Leader titled "Ongoing Uncertainty Around California’s Climate Disclosure Laws." In the piece, Sedina explores the challenges businesses face in navigating California’s stringent yet often ambiguous environmental regulations.
Excerpt
Businesses face continued uncertainty regarding California’s climate reporting requirements contained in Senate Bill 253 (the Climate Corporate Data Accountability Act) and Senate Bill 261 (the Climate-Related Financial Risk Act). Adopted in October 2023, the climate disclosure laws require large businesses doing business in California, including both publicly traded and privately held companies, to publicly disclose their greenhouse gas emissions (SB 253) and their climate-related financial risk (SB 261). With compliance deadlines fast approaching next year, the path toward compliance remains unclear due to ambiguous requirements, pending legal challenges and delays in rulemaking.
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