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California's Climate Disclosure Requirements

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Apr 2024
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In October 2023, CA Governor Gavin Newsom enacted the first-in-nation climate disclosure requirements, which would apply to all public and private .. Read more companies conducting business in California. These laws mandate that companies with annual revenues over $1 billion disclose their Scope 1, Scope 2, and Scope 3 greenhouse gas emissions, regardless of materiality. Additionally, companies with annual revenues exceeding $500 million must disclose qualitative reporting on climate-related financial risk and actions taken to mitigate and adapt to such risks. As we await the final climate disclosure requirements from the SEC, these regulations are a significant development.

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