Companies will be required to report their emissions and climate-related risks to their business.
Greenbiz 9:10 pm on May 16, 2024
California plans to allocate $22 million from greenhouse gas reduction funds to implement the SB 253 and SB 261 climate disclosure laws, requiring corporations with significant revenues to disclose their emissions and associated risks. This follows criticism for previous omission in funding and is seen as enhancing compliance efficiency by aligning with global standards like Europe's sustainability reporting rules.
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