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California has outpaced the US federal government in leading the country on climate-related disclosures with SB 253 and SB 261 signed into law. California’s upcoming laws will affect the vast majority of large U.S. corporates. Those with over $500M in revenue will fall under SB 261 and be required to carry out reporting on climate-related financial risks and opportunities. A smaller tier of companies with $1B in revenue would additionally be required to disclose GHG emissions, including value chain or scope 3 emissions.
Join Bonnie Holman, Managing Director of SCS Consulting Services, and Karen Righthand, Vice President of Marketing at SCS Global Services to discuss the major components of SB 261 and SB 253 and what these laws mean for companies doing business in California. We’ll address the major areas of the bills and how companies can prepare. With the US SEC climate rule anticipated to be finalized soon, we’ll explain the distinctions between the SEC proposed rule and California’s requirements and what that might mean for future alignment.
We cover the principle resources that companies can begin to utilize today to prepare for legal compliance. And finally, we’ll cover overlap with the recently proposed Federal Acquisition Regulation (FAR) climate rules, the EU’s Corporate Sustainability Reporting Directive (CSRD), and other timely updates.
For inquiries, please contact:
Bonnie Holman
Managing Director of SCS Consulting Services
Email: [email protected]
