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

California lawmakers passed a bill requiring large businesses to disclose scope 1, 2, and 3 carbon emissions. The bill now goes to Governor Newsom to sign into law.
The bill would make California the first state to mandate detailed carbon accounting and emissions reporting by businesses.
The bill requires emissions disclosures starting in 2026 (scope 1 and 2) and 2027 (scope 3). California will review and update the rules in 2029 and 2030.
Supporters like Al Gore say emissions accounting is key to pushing climate action. Apple and Google support the bill, though note uncertainty in scope 3 data.
Opponents like the California Chamber of Commerce say the scope 3 requirements are flawed and will increase costs. But supporters say environmental disclosures differ from financial reporting.

cnbc.com

Relevant topic timeline:

9/8/2023

Apple Backs New California Law Requiring Disclosure of Supply Chain Emissions

Apple believes that corporate climate emissions disclosures should include emissions from the supply chain, stating that Scope 3 emissions are essential for understanding a company's climate impacts.

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.

9/12/2023

California Passes Landmark Emissions Transparency Law for Large Companies

California lawmakers have passed legislation that would require major corporations to disclose their direct and indirect greenhouse gas emissions, aiming to increase transparency and drive companies to reduce their emissions.

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.

10/9/2023

Newsom Signs Climate, Health Bills While Vetoing Caste Discrimination Ban

California Governor Gavin Newsom signed 324 bills into law, including new environmental regulations and the banning of four food additives, while vetoing 144 bills, including those related to caste discrimination and decriminalizing psychedelic drugs.

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Posted 9/13/2023, 7:05:06 PM

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

California lawmakers passed a bill requiring large businesses to disclose scope 1, 2, and 3 carbon emissions. The bill now goes to Governor Newsom to sign into law.
The bill would make California the first state to mandate detailed carbon accounting and emissions reporting by businesses.
The bill requires emissions disclosures starting in 2026 (scope 1 and 2) and 2027 (scope 3). California will review and update the rules in 2029 and 2030.
Supporters like Al Gore say emissions accounting is key to pushing climate action. Apple and Google support the bill, though note uncertainty in scope 3 data.
Opponents like the California Chamber of Commerce say the scope 3 requirements are flawed and will increase costs. But supporters say environmental disclosures differ from financial reporting.

cnbc.com

Relevant topic timeline:

9/8/2023

Apple Backs New California Law Requiring Disclosure of Supply Chain Emissions

Apple believes that corporate climate emissions disclosures should include emissions from the supply chain, stating that Scope 3 emissions are essential for understanding a company's climate impacts.

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.

9/12/2023

California Passes Landmark Emissions Transparency Law for Large Companies

9/17/2023

Newsom to Sign Landmark Climate Disclosure Bill for California Companies

10/1/2023

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

10/7/2023

California Passes Sweeping Emissions Transparency Law for Large Companies

10/9/2023

Newsom Signs Climate, Health Bills While Vetoing Caste Discrimination Ban