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Disclosure Requirements California Environmental Social & Governance (ESG)

Bass, Berry & Sims PLC

Motion for Summary Judgement Denied: Battle over California Climate Legislation Continues

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Soon after California passed far-reaching climate legislation last year (referred to herein as SB 253 and SB 261; see our earlier blog post here and here for background), it was challenged in the U.S. District Court for the...more

Paul Hastings LLP

Court Rules in California Climate Disclosure Case: Laws Remain in Flux

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A year after California enacted some of the nation’s most sweeping climate disclosure laws, a United States District Court issued an important ruling related to one of several challenges to these laws. The district court...more

Skadden, Arps, Slate, Meagher & Flom LLP

State of Play: California Amends Climate Disclosure Rules

California continues to be at the forefront of climate-related disclosure regulations. On September 27, 2024, California Gov. Gavin Newsom signed into law Senate Bill 219, Greenhouse Gases: Climate Corporate Accountability:...more

Mayer Brown

How California’s Climate Disclosure Law Impacts Lenders in Subscription Credit Facilities

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EXECUTIVE SUMMARY - As part of its Climate Accountability Package, California passed a law last year that creates disclosure requirements related to greenhouse gas (“GHG”) emissions for thousands of U.S. companies,...more

Troutman Pepper

California Law Highlights the Need to Prepare for Climate Disclosures

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The march toward mandated corporate disclosures for climate-related risks continues. Despite significant pushback and substantial legal challenges, state legislatures and regulators are continuing to advance laws and rules...more

Wilson Sonsini Goodrich & Rosati

California Governor Gavin Newsom Signs Bill Enacting Changes to California Climate-Related Disclosure Laws

On September 27, 2024, California Governor Gavin Newsom signed Senate Bill 219, the Greenhouse gases: climate corporate accountability: climate-related financial risk (SB 219) after the California Assembly and Senate each...more

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

Katten Muchin Rosenman LLP

SB 219 Makes Important Updates to California Climate Disclosure Regime

On September 27, 2024, California Governor Gavin Newsom signed Senate Bill 219 (SB 219) into law, making important changes to California's historic Climate Corporate Data Accountability Act (SB 253) and the Climate‐Related...more

Bass, Berry & Sims PLC

Update (and Refocus) on California Climate Disclosures

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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

Alston & Bird

Sustainability Spotlight – Q1 2024

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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

Chamber Of Commerce Highlights Some Differences Between SEC And California Climate Disclosure Mandates

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Last year, the California legislature enacted two bills, SB 253 and SB 261 that purport to impose burdensome disclosure mandates on businesses.  The legislature did so in spite of obvious constitutional infirmities.  It was...more

Wilson Sonsini Goodrich & Rosati

SEC, California, and CSRD Climate Disclosure Requirements Comparison Tool

Following an order by the U.S. Securities and Exchange Commission (SEC) implementing a stay of its final climate disclosure rules pending review of legal challenges to such rules in the U.S. Court of Appeals for the Eighth...more

Allen Matkins

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

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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

Foley Hoag LLP - Energy & Climate Counsel

What Companies and Investors Need to Know about California Assembly Bill 1305, The Voluntary Market Disclosures Business...

On October 7, 2023, California Governor Gavin Newsom signed Assembly Bill 1305 into law, also known as the “Voluntary Market Disclosures Business Regulation Act,” or AB 1305. This law marks the first of its kind in the...more

Procopio, Cory, Hargreaves & Savitch LLP

Climate Disclosure Obligations for U.S. Companies: A Work in Progress

What obligations might publicly traded companies face in providing the U.S. Securities and Exchange Commission disclosures about climate-related risks? Some clarity emerged on March 6, 2024, when the SEC released its...more

Allen Matkins

As Foretold, California's New Forced Speech Laws Are Being Challenged

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Last year, I commented on the likely unconstitutionality of two California laws compelling forced speech...more

McDermott Will & Emery

California’s New Climate Disclosure Laws: What You Need to Know

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While the highly anticipated adoption of proposed rules on climate risk disclosure by the US Securities and Exchange Commission (SEC) appears to be on hold (the SEC’s recently revised regulatory agenda indicates possible...more

Vinson & Elkins LLP

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

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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...

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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

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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

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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

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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

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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

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