California Sets New Standards with Groundbreaking Climate Disclosure Laws for Businesses
Sacramento, Calif. – California has enacted two groundbreaking climate laws this year, mandating significant transparency from companies regarding their environmental impact. These measures, which impact a broad spectrum of businesses within the state and beyond, are designed to enhance corporate accountability in the face of global climate challenges. The first of these, the Climate Corporate Data Accountability Act (Senate Bill 253), compels large companies operating in California to report their direct and indirect greenhouse gas emissions. Specifically, this includes Scope 1 emissions (direct emissions from owned or controlled sources), Scope 2 emissions (indirect emissions from … Read more