California Disclosure Bills at a Glance: SB 253, SB 261, and
Key Takeaways from the Webinar
- SB 253: Requires large companies (>$1B in revenue) to report and verify their GHG emissions starting in 2026.
- SB 261: Targets mid-sized companies (>$500M in revenue) to disclose climate-related financial risks but does not mandate emissions reporting.
- SB 219: Serves as a clarification bill, refining the reporting requirements for SB 253 & SB 261, extending deadlines, and adjusting reporting expectations.
Next Steps for Businesses
To ensure you are ready for compliance, we recommend the following:
- Conduct a GHG inventory assessment to better understand your company’s current emissions footprint.
- Conduct a Gap Assessment to ensure compliance readiness.
- Develop internal data collection processes for efficient and accurate reporting.
- Engage third-party verification services to help prepare for mandatory reporting.
- Align your reporting frameworks with established global standards such as TCFD and the GHG Protocol.
- Monitor CARB updates as they finalize rulemaking by July 1, 2025.
- Assess climate risk disclosure requirements to ensure alignment with SB 261.