The California Climate Acts: What You Need to Know
The California Climate Acts serve as a wake-up call for organizations to consider and qualify their climate-related practices. Significantly broadening the number of companies that are required to disclose and aligning requirements with global trends, the Climate-related Financial Risk Act (SB 261) and the Climate Corporate Data Accountability Act (SB 253) impact private companies as well as the publicly traded ones covered by the SEC.
Bringing financial penalties for non-compliance and with the first climate-related risk report, the California Climate Acts cannot be ignored. Organizations would be wise to take preparatory steps to meet disclosure requirements, now.
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