News & Analysis as of

State Legislatures Environmental Social & Governance (ESG)

Katten Muchin Rosenman LLP

New York's Proposed 'Fashion Sustainability and Social Accountability Act': Where It Stands Now - Katten Kattwalk | Issue 27

In our inaugural Katten Kattwalk/Kattison Avenue joint issue, we reviewed the implications of New York's proposed "Fashion Sustainability and Social Accountability Act" (Fashion Act). If passed, the Fashion Act would make New...more

Allen Matkins

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

Allen Matkins on

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

Skadden, Arps, Slate, Meagher & Flom LLP

Hot Topics: AI and ESG

The US Government Is Using AI To Detect Potential Wrongdoing, and Companies Should Too With agencies such as the SEC and DOJ using AI and other data analytics tools extensively to detect wrongdoing, companies need to adopt...more

McDermott Will & Emery

US Insurers: Climate Change Disclosure Litigation and Data Calls Await

McDermott Will & Emery on

The climate change landscape for insurers has changed dramatically this past month. There are multiple developments insurers should keep in mind – and not just the US Securities and Exchange Commission’s (SEC) recent adoption...more

Allen Matkins

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

Allen Matkins on

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

Katten Muchin Rosenman LLP

California Passes Two Climate Disclosure Laws That Will Require Unique, Public Reporting of Carbon Emissions and Climate Risk

California's Legislature has passed two new climate disclosure bills, SB 253, the Climate Corporate Data Accountability Act (CCDAA), and SB 261, the Climate-Related Financial Risk Act (CRFRA), which together will require a...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

Brownstein Hyatt Farber Schreck

Pending Climate Bills Could Bring Far-Reaching Impacts to California Businesses

A secretive and powerful committee in the California State Legislature is set to take key action this week on a duo of Senate bills from the Democrats’ Climate Accountability Package introduced earlier this session....more

McDermott Will & Emery

A Look at ESG, Climate Change and US Insurers at Mid-2023

McDermott Will & Emery on

With most state legislatures now finished with their 2023 sessions and with the East and West coasts preparing for peak hurricane and wildfire season, respectively, now is a good time to take stock of the environmental,...more

Shutts & Bowen LLP

HB-3: An Overview of ESG Factors Relating to Public Funds Investment and Financial Industry Impacts

Shutts & Bowen LLP on

On May 2, 2023, Florida Governor Ron DeSantis signed into law HB 3, also known as “An Act Relating to Government and Corporate Activism (the “Act”). The Act amends Florida Statute provisions relating to (i) deposits and...more

Maynard Nexsen

2023 Legislative Update: Regular Session

Maynard Nexsen on

Budgets  - This Thursday, Governor Ivey signed the record-breaking General Fund and Education Trust Fund budgets into law. In sum, there was over $15 billion appropriated. The legislature did make significant changes to...more

Maynard Nexsen

2023 Legislative Update: Regular Session Week Nine

Maynard Nexsen on

Road Builder Liability - A bill, sponsored by Senate Majority Leader Clay Scofield, that offers greater liability protections in civil lawsuits to road and bridge builders was passed in the Alabama Senate on Thursday....more

Cadwalader, Wickersham & Taft LLP

State Legislative Developments: Florida Goes One Way – Arizona, Indiana, North Dakota and Wyoming Go The Other

On February 13, 2023, Florida Governor Ron DeSantis (R) announced his support for what his office described as “comprehensive legislation to protect Floridians from the woke environmental, social, and corporate governance...more

Cadwalader, Wickersham & Taft LLP

Is Sustainability En Vogue or the Newest Staple? What New York’s Proposed Fashion Sustainability and Social Accountability Act...

In anticipation of New York Fashion Week, lawmakers remind us that this season’s haute couture is not the only thing heating up right now. After years of global warming and environmental, social and governance (ESG) topics...more

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