News & Analysis as of

California Greenhouse Gas Emissions Environmental Social & Governance (ESG)

Manatt, Phelps & Phillips, LLP

CA Climate Disclosure Mandates—Deadlines Hold and the Clock is Ticking

Even California’s “Climate Governor” had concerns about rushing hastily into California’s unprecedented climate disclosure mandate laws. So much so, he proposed a two-year delay in their implementation. The Legislature...more

Bass, Berry & Sims PLC

Update (and Refocus) on California Climate Disclosures

Bass, Berry & Sims PLC on

As anticipated, on September 27, California Governor Gavin Newsom signed into law Senate Bill 219 (SB 219), after the California legislature passed it on August 31, 2024. SB 219 amends the Climate Corporate Data...more

Seyfarth Shaw LLP

California Mandatory Climate Disclosure Laws Move Forward With Little Concession

Seyfarth Shaw LLP on

Seyfarth Synopsis: As discussed in our prior legal update available here, in 2023, California enacted two laws that mandate certain climate-related emissions disclosures and financial risk reporting for thousands of public...more

Jones Day

California's Climate Disclosure Laws Move Forward After Governor Newsom's Proposal to Delay Implementation Fails

Jones Day on

The California legislature continues to press forward with the implementation of two of the state's sweeping climate disclosure laws after a proposal to delay the implementation dates by the governor failed to be considered...more

Alston & Bird

Sustainability Spotlight – Q1 2024

Alston & Bird on

Welcome to the inaugural edition of the Sustainability Spotlight, your place to keep up with all the ESG action – federal and state enforcement, shareholder proposals and litigation, and state attorney general actions. ...more

Allen Matkins

California Seeks To Delay Demise Of California Climate Related Disclosure Statutes, But Why?

Allen Matkins on

In February, I noted that the Chamber of Commerce of the United States of America and several others filed suit in the Central District Court challenging two laws passed last year. SB 253 (Wiener) compels disclosure of...more

Vinson & Elkins LLP

California’s Combatting of Greenwashing in the Voluntary Carbon Market - UPDATED December 2023

Vinson & Elkins LLP on

Much of the attention on California of late has focused on the passing of two climate-related disclosure laws; namely, the Climate Corporate Data Accountability Act (“CCDAA”) (SB 253) and the Climate-Related Financial Risk...more

Paul Hastings LLP

California Passes New ESG Disclosure Laws Ahead of SEC, Triggering Increased Regulatory and Litigation Risk for Companies Doing...

Paul Hastings LLP on

On October 7, 2023, Governor Gavin Newsom signed Senate Bill 253 into law, which imposes climate-related disclosure requirements for companies with revenues over $1 billion annually that do business in California. On the same...more

Bass, Berry & Sims PLC

California GHG Emission Website Disclosure Legislation to Take Effect on January 1, 2024

Bass, Berry & Sims PLC on

Recently, the State of California enacted Assembly Bill 1305: the Voluntary Carbon Market Disclosures Act (AB 1305), which requires companies, under certain circumstances, to make website disclosures of certain information...more

K&L Gates LLP

California Enacts Landmark ESG Legislation

K&L Gates LLP on

Introduction - On 7 October 2023, California Governor Gavin Newsom signed into law landmark legislation mandating corporate climate and climate-related financial risk disclosures. Together, SB 253 and SB 261 apply to public...more

Stoel Rives - Environmental Law Blog

California’s New Climate-Related Disclosure Laws

California has enacted two new laws on corporate disclosure of direct and indirect greenhouse gas (GHG) emissions and climate-related financial risks.  Senate Bill (SB) 253, the Climate Corporate Data Accountability Act,...more

Seyfarth Shaw LLP

New California Laws Mandate Climate Disclosures For Both Private and Public Companies

Seyfarth Shaw LLP on

As expected, in the last couple years the ESG disclosure frameworks, including climate-related disclosures, have been moving from voluntary to mandatory. While some standard setters are seeking to streamline reporting,...more

Wiley Rein LLP

California Moves Ahead on ESG Reporting

Wiley Rein LLP on

On October 7, 2023, California Governor Gavin Newsom signed two new climate reporting bills into law: Senate Bill (SB) 261, Greenhouse gases: climate-related financial risk and SB 253, the Climate Corporate Data...more

Cadwalader, Wickersham & Taft LLP

Governor Newsom Signs Twin Climate Disclosure Bills Into Law

On October 7, 2023, Governor Newsom passed Senate Bills 253 and 261 into law, which significantly expand California companies’ disclosure requirements concerning greenhouse gas emissions and climate-related financial risks....more

Troutman Pepper

California Adopts Landmark GHG Emissions and Climate Risk Reporting Laws, Eclipsing Anticipated Federal Requirements

Troutman Pepper on

California Governor Gavin Newsom signed two landmark bills into law on October 7, imposing stringent new requirements on large companies doing business in California to publicly report their annual greenhouse gas (GHG)...more

Orrick, Herrington & Sutcliffe LLP

New California Climate Disclosure Rules: Practical Takeaways and Next Steps

On October 7, 2023, California Governor Gavin Newsom signed the most comprehensive corporate climate disclosure laws in the United States to date. The three new laws—Senate Bill 253 (SB 253), Senate Bill 261 (SB 261), and...more

Ballard Spahr LLP

CA to Require GHG and Climate-Risk Reporting for Companies Nationwide

Ballard Spahr LLP on

Summary - California’s new climate legislation requires thousands of public and private companies that conduct business in the state to disclose their Scope 1, 2, and 3 greenhouse gas emissions and climate-related...more

Vinson & Elkins LLP

California’s Bold Move on Climate Disclosures - (UPDATED October 2023)

Vinson & Elkins LLP on

As public companies anticipate the Securities and Exchange Commission’s (“SEC”) final climate disclosure rules, which are expected to be released sometime fourth quarter of 2023, California has beaten the federal government...more

Jones Day

California Emissions Bills: What Your Company Needs to Know

Jones Day on

In Short - The Situation: The California legislature passed landmark climate bills that surpass emissions disclosure requirements of any other existing state law. The bills are branded as the nation's first comprehensive...more

Brownstein Hyatt Farber Schreck

California Throws Its Weight Behind Climate Accountability

California’s latest move on climate change is expected to bring “national and global repercussions.” Once signed (Gov. Gavin Newsom announced his intention to do so), Senate Bill 253, the Climate Corporate Data Accountability...more

Fenwick & West LLP

California’s Proposed Bills Require Companies to Report on Climate Emissions and Risks

Fenwick & West LLP on

While all eyes are on proposed federal and European climate disclosure rules, the California legislature passed two climate-related bills that overlap somewhat with the Securities and Exchange Commission (SEC)’s proposed...more

Wilson Sonsini Goodrich & Rosati

California Legislature Passes Climate Bills

This week, the California legislature approved Senate Bill 253, the Climate Corporate Data Accountability Act (SB 253), and Senate Bill 261, Greenhouse gases: climate-related financial risk (SB 261), which are headed to...more

Allen Matkins

California Greenhouse Gas Emissions Bill Advances Despite Substantial Opposition And Constitutional Concerns

Allen Matkins on

In this February post, I wrote about a bill, SB 261, that would would require businesses to prepare and submit climate-related financial risk reports.  The bill would apply to any corporation or other business entity formed...more

Akin Gump Strauss Hauer & Feld LLP

California Climate Disclosure Legislation Clears Critical Hurdles

Legislation to “prevent corporate greenwashing” by requiring major companies doing business in California to publicly disclose their scope 1, 2 and 3 greenhouse gas (GHG) emissions has cleared two critical committees....more

Manatt, Phelps & Phillips, LLP

Mandatory GhG Emission Reporting for Business: Advancing CA Law Even Broader than SEC Proposal

A California bill requiring large U.S. companies doing business in California to publicly report all of their worldwide greenhouse gas (GhG) emissions moved one step closer to Governor Newsom's desk. If the bill becomes law,...more

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