California SB-253 and SB-261, corporate climate reporting
California SB-253 and SB-261, corporate climate reporting is a state rule (CA) published as Cal. Health & Safety Code §§ 38532 and 38533. Adopted 2023-10-07, applies from 2026-01-01. In force with later dates still to come: Signed 7 October 2023. Climate-related financial risk reports and the first emissions reports fall due from 2026, with later scopes phased in.
- California SB-253 and SB-261, corporate climate reporting covers scope 1 and scope 2 emissions reporting, scope 3 emissions reporting, third-party assurance and climate-related financial risk report.
- California SB-253 and SB-261, corporate climate reporting does not settle whether a single company meets it. That is read in the company's own text and its filings.
- Supervised by California Air Resources Board. The text is published by California Legislative Information and California Air Resources Board.
- The text names financial services, energy, retail and consumer, technology and industry and manufacturing.
- US regulatory register
- Financial services
- Energy
- Retail and consumer
- Technology
- Industry and manufacturing
- California Air Resources Board
Identity
| Identifier | Cal. Health & Safety Code §§ 38532 and 38533 |
|---|---|
| Adopted | 2023-10-07 |
| Applies from | 2026-01-01 |
| Status | Signed 7 October 2023. Climate-related financial risk reports and the first emissions reports fall due from 2026, with later scopes phased in. |
| Supervision | California Air Resources Board |
| Sectors named | Financial services, Energy, Retail and consumer, Technology, Industry and manufacturing |
| Risk areas | Disclosure, Emissions data |
Requirements in the text
- Scope 1 and Scope 2 emissions reporting, Reference: Health & Safety Code § 38532(c). Annual emissions disclosure for entities above the revenue threshold doing business in California.
- Scope 3 emissions reporting, Reference: Health & Safety Code § 38532(c)(2). Value chain emissions, reported after the first Scope 1 and 2 cycle.
- Third-party assurance, Reference: Health & Safety Code § 38532(c)(3). Independent assurance of the reported emissions, at a level that rises over time.
- Climate-related financial risk report, Reference: Health & Safety Code § 38533. Public report on climate-related financial risk and the measures taken.
Official sources
- Senate Bill 253, Climate Corporate Data Accountability Act, California Legislative Information
- Senate Bill 261, Greenhouse gases: climate-related financial risk, California Legislative Information
- Climate Corporate Data Accountability Act programme page, California Air Resources Board
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