Newsom to Sign Landmark Climate Disclosure Bill for California Companies
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California Gov. Newsom says he will sign major climate disclosure bill CA SB253 requiring large companies to report scopes 1, 2, 3 emissions.
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Bill would cover over 5,000 companies doing business in California, going beyond proposed federal SEC climate disclosure rules.
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Related bill CA SB261 would force large corporations to disclose climate-related financial risks.
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Newsom made comments at climate event in New York City during Climate Week and UN gathering.
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Bill aims to tackle climate crisis, increase corporate transparency on emissions and financial risks.