COMPLIANCE

California Climate Disclosure Regulations

Affecting approximately 10,000 companies, the California Senate bills require companies that do business in California to report on their emissions, climate risks, and carbon offsets.

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Last updated: 8 October 2024
COMPLIANCE

California Climate Disclosure Regulations

SB 253 and SB 261 were signed in October 2023 by Governor Gavin Newson. Cut to 2024, the bills are tied up in a lawsuit and Newsom has asked for a 2-year delay to the rules. SB 219 was made to consolidate the two and was signed into law in September 2024. It is now known as the Climate Corporate Data Accountability Act (CCDAA).

SB 219

Requires US companies doing business in California to disclose scope 1, 2, and 3 GHG emissions and/or climate-related financial risk information.
Improves corporate transparency and standardizes carbon emission disclosures
Aligns public investments with climate goals
Raises the bar on corporate action to address the climate crisis

Which companies are impacted by the CCDAA?

The scope of the rule is broken into two parts: emissions disclosure and climate-related financial risk reports.

Emissions Disclosures

Requirements apply to US public and private companies with annual revenue in excess of $1B, that are doing business in California.

Climate-Related Financial Risk Reports

Requirements apply to US public and private companies with annual revenue of at least $500M, that are doing business in California.

Set a plan in action today as regulations approach

If you haven't started sustainability reporting, now is the time to start preparing for upcoming compliance requirements.
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Stay Informed

Review whether you have to comply with CCDAA and/or other sustainability-related requirements and legislation (e.g. CSRD, SEC) and monitor compliance timelines.
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Engage Stakeholders

Proactively engaging stakeholders with materiality assessments can enhance relevance and effectiveness within your sustainability strategy.
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Build a Sustainability Roadmap

Start developing your sustainability roadmap with an approach that is the right-size for your company to ensure you meet compliance requirements.
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Read our Blog for more information

Our team of experts summarized the California Climate Accountability Package in this blog post. Read now to understand the key components.

Read Now

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