Marisa Flower The California Air Resources Board (CARB) hosted a workshop on May 29, 2025 to outline its approach to implementing California’s pending climate disclosure requirements, with attendees from five continents demonstrating the global interest in California’s approach. What’s Being Required and When SB 253: Companies doing business in California with annual revenues exceeding $1 billion will …
This week, California Governor Gavin Newsom announced his proposal to extend the state’s landmark cap-and-trade program for GHG emissions through 2045. The extension was included in Governor Newsom’s revised budget for 2025–26 and seeks to secure the program’s role as a cornerstone of California’s climate strategy. The announcement timing is based on the approaching expiration …
In a move to continue progress on increasing transparency and accountability in corporate GHG emissions reporting, the states of New York and Colorado have recently introduced legislation that closely resembles California’s Senate Bill (SB) 253, also known as the Climate Corporate Data Accountability Act. California’s SB 253, passed in 2023, requires companies with over $1 …
Climate risk and opportunity assessments, commonly known as Task Force on Climate-Related Financial Disclosures (TCFD) reports, have become crucial tools for businesses to navigate the complex landscape of climate change and position themselves for long-term financial success. These assessments are also increasingly being woven into regulations around the globe, including in California, where businesses with …
Investors rely on data that is consistent, comparable, decision-useful and accurate to inform their investment decisions. With sustainability issues increasingly intertwined with business strategy, ESG data analysis is increasingly commonplace. According to a recently released study by the global professional services firm, EY, 43% of investors now employ full-time sustainability analysts and 25% anticipate significant …
Canada’s Roadmap to Net Zero Emissions and Sustainable Economic Growth Canada is on a mission to grow its economy while achieving net-zero emissions by 2050. To achieve their goals, Canada’s Department of Finance has determined they need between $125 and $140 billion of annual investment. However, navigating the complex landscape of sustainable investing can be …
California continues to lead the way in corporate climate accountability across the United States with the previous passage of SB 253 and SB 261 (now Sections 38532 and 38533 of the Health and Safety Code). These regulations are set to reshape how large public and private companies report their GHG emissions and climate-related financial …