California Passes Landmark Emissions Transparency Bill Despite Business Opposition

California Senate passed SB 253 requiring large companies to disclose greenhouse gas emissions, despite opposition from business groups
Bill applies to companies with over $1 billion in revenue, covers scope 1, 2, and 3 emissions
Supporters say it holds polluters accountable and helps inform investors
Opponents like Chamber of Commerce claim it's costly and won't directly reduce emissions
Similar to proposed SEC rule changes; seen as important for addressing indirect emissions

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Relevant topic timeline:

9/8/2023

Apple Backs California Bill Requiring Big Companies to Report Greenhouse Gas Emissions

Apple has endorsed a California Senate bill that would require large companies to report their greenhouse gas emissions annually, joining other major companies in supporting the measure.

9/13/2023

California Passes Nation's First Law Requiring Big Businesses to Disclose Carbon Emissions

California lawmakers have sent a bill to Governor Newsom's desk that would require all large businesses in the state to provide a detailed accounting of their carbon emissions, including their Scope 3, or supply chain emissions, with the bill being the first of its kind in the nation to require carbon emissions reporting.

9/17/2023

Newsom to Sign Landmark Climate Disclosure Bill for California Companies

California Governor Gavin Newsom plans to sign a bill that would require large corporations to disclose their climate-related financial risks and their scope 1, 2, and 3 emissions, leading the way in corporate transparency regarding climate risk.

10/1/2023

California Implements New Rules Requiring Large Companies to Disclose Emissions and Climate Risks

Californians are anticipating Governor Gavin Newsom's approval of two climate-focused bills that would compel large companies to disclose their greenhouse gas emissions and climate-related financial risks, potentially setting a trend for other states to follow suit.

10/7/2023

California Passes Sweeping Emissions Transparency Law for Large Companies

California Governor Gavin Newsom signed a new law requiring large businesses to disclose their direct and indirect emissions, aiming to bring transparency to their contributions to climate change and encourage emission reduction efforts, although opponents argue it creates unnecessary mandates.