The laws will require large corporations operating in the state to disclose both their carbon footprints and their climate-related financial risks.
Gov. Gavin Newsom signed two bills Saturday that would require large corporations operating in the state to disclose both their carbon footprints and their climate-related financial risks starting in 2026. | Mario Tama/Getty ImagesDemocratic Gov. Gavin Newsom signed two bills Saturday that would require large corporations operating in the state to disclose both their carbon footprints and their climate-related financial risks starting in 2026.
Newsom has said he thinks the measures will need some “clean up.” CalChamber made similar comments on the need for additional legislation next year, but Wiener has warned that those industry efforts could signal a desire to “gut” SB 253 by removing the Scope 3 reporting requirement.
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