Energy & Environment
Pair of Groundbreaking Environmental Bills in California Target Business Greenhouse Gas Emissions
August 8, 2023 | David Shonerd
When California lawmakers return from summer recess, two closely-watched, far-reaching bills targeting businesses’ greenhouse gas emissions will be top of mind for business lobbyists in Sacramento. SB 253 would require companies with over $1 billion in annual revenues to report emissions data categorized into three scopes, including potentially contentious "Scope 3" emissions. SB 261 focuses on businesses with annual revenues exceeding $500 million, mandating disclosure of climate-related financial risks and mitigation measures.There are similar regulatory efforts at the federal level by the SEC.