Environmental Partner Sedina Banks and Attorney Samantha Pannier authored, "California’s Sweeping Climate Disclosure Laws Facing Court Challenge, But That Doesn’t Mean You Can Disregard Them" in Corporate Compliance Insights.

Excerpts:

The lawsuit over California’s new climate disclosure rules, brought by the U.S. and California chambers of commerce as well as the American Farm Bureau Federation, Los Angeles County Business Federation, Central Valley Business Federation and Western Growers Association, seeks to overturn Senate Bill 253 (the Climate Corporate Data Accountability Act) and Senate Bill 261 (the Climate-Related Financial Risk Act).

These laws require large businesses, including both publicly traded and privately held companies doing business in California, regardless of their corporate domicile, to publicly disclose their greenhouse gas (GHG) emissions and their financial risks related to climate change. By including privately held corporations, the laws are a departure from the highly anticipated SEC proposed climate change disclosure rules, which will only require disclosure by publicly traded companies.

Read the full article here.

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