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ARTICLE · 10 SEPTEMBER 2024

California's Legislature Pushes Forward With Climate Accountability Bills

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After not accepting California Governor Newsom's proposal to delay implementing California's Climate Accountability laws by two years, the California legislature passed amendments on August 31, 2024...

United StatesEnvironment
Michael Kirwan
Michael Kirwan
Natasha Dempsey
Natasha Dempsey
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After not accepting California Governor Newsom's proposal to delay implementing California's Climate Accountability laws by two years, the California legislature passed amendments on August 31, 2024, to California's 2023 Climate Accountability laws via Senate Bill 219 ("SB 219"), which further support the implementation of reporting greenhouse gas disclosures and climate-related risk financial reporting.

As discussed in our previous article, California's Climate Accountability laws included three bills: Senate Bill 253, the "Climate Corporate Data Accountability Act;" Senate Bill 261, "Climate‐Related Financial Risk;" and Assembly Bill 1305, the "Voluntary Carbon Market Disclosures Act." SB 219 only amends Senate bills 253 and 261, by providing additional time for the promulgation of related regulations while maintaining the same reporting deadlines. In theory, this will reduce the amount of time subject companies will have to prepare these disclosures with the

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