California Mandates Corporate Environmental & Financial Transparency

On October 7, 2023, California Governor Gavin Newsom made a significant move in the fight against climate change by signing into law two landmark bills - SB-253, the "Climate Corporate Data Accountability Act," and SB-261, "Greenhouse Gases: Climate-Related Financial Risk." These laws represent the first industry-agnostic climate regulations in the United States, and mandate the disclosure of greenhouse gas emissions and climate-related financial risks by large public and private companies operating in California.