TCFD
California Issues the First State Guidance for Corporate Climate Risk Disclosure
CARB takes an important step in an emerging field of climate policy
The California Air Resources Board this week released draft guidance for corporate climate-related financial risk disclosure, providing some insight into what large companies will be required to report beginning in January 2026. This is a quiet but fairly monumental step in climate risk disclosure in the US, and a reminder of the power of state …
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CONTINUE READINGGovernor Gavin Newsom announces he will sign landmark climate disclosure bills SB 253 and SB 261!
SB 261 first proposed and drafted by CLEE Climate Risk Initiative
Breaking news! Governor Gavin Newsom just announced on stage at New York Climate Week that he will sign both of the landmark greenhouse gas emissions and climate risk disclosure bills, #SB253 (Wiener) and #SB261 (Stern), the later of which was first proposed and then drafted by our Climate Risk Initiative at the Center for Law, …
CONTINUE READINGCLEE-Proposed Climate Risk Disclosure Legislation Passes CA Legislature
SB 261 results from CLEE report recommendation
The California Legislature passed two path-breaking climate risk disclosure bills this week. Both bills now go to Governor Gavin Newsom’s desk where he has until October 14th to sign them. Senate Bill 261 (Stern) requires major corporations to disclose climate change related financial risks, using a framework consistent with that of the Task Force on Climate …
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