January Global Regulatory Brief: Green finance | Insights

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CARB solicits feedback on implementation of California climate-disclosure legislation

The California Air Resources Board (“CARB”) issued an information solicitation regarding implementation of California Senate Bills (“SB”) 253 and 261, as amended by SB 219 (collectively, the “California climate-disclosure legislation”). The legislation establishes various climate-related reporting requirements for US-based entities doing business in the state of California that meet certain revenue thresholds.

The solicitation seeks public feedback on 13 questions relating to CARB’s potential implementation of the California climate-disclosure legislation. Questions concern, among other things:

  • Defining the term “doing business in California”;
  • Identifying covered entities;
  • Reporting processes; and
  • Scoping of reported data.

Additional context: The California climate-disclosure legislation, enacted in 2023 and amended in 2024,…

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