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ARTICLE · 27 SEPTEMBER 2023

Coming Soon: California Climate Disclosure Bills

Reed Smith
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California Governor Gavin Newsom recently pledged to sign two groundbreaking climate disclosure bills into law.

United StatesEnvironment
Todd Maiden
Todd Maiden
Eric J. Schmoll
Eric J. Schmoll
Sara Marie Eddy
Sara Marie Eddy
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California Governor Gavin Newsom recently pledged to sign two groundbreaking climate disclosure bills into law. These bills will mandate most large U.S. companies to reveal their complete emissions along their value chains and report on their financial risks and adaptation measures related to climate change.

The California Senate bills, SB 253 ("Climate Corporate Data Accountability Act") and SB-261 ("Greenhouse gases: climate-related financial risk"), have already been approved by the California Assembly and are awaiting the Governor's signature by October 14. Governor Newsom emphasized California's historic leadership in climate legislation, such as establishing the first cap and trade program and emissions standards for vehicles, low carbon fuel requirements, and the mandate for selling alternative fuel cars by 2035.

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This article is presented for informational purposes only and is not intended to constitute legal advice.

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