California Climate Accountability Package Business Reporting Requirements A Summary California's Climate Accountability Package, comprising Senate Bills 253 and 261, introduces new reporting obligations for a subset of businesses operating in the state, requiring them to provide transparency on climate-related risks and emissions. Specifically, entities exceeding certain revenue thresholds will need to report specific climate-related data, while smaller companies are initially exempt from these demands, sparking debate over the definition of "doing business in California" and potential impacts on multinational corporations with significant global annual sales exceeding $500 million.

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SEC Moves to Reign in Carbon Disclosure www.nytimes.com/2025/02/11/u... #climatedisclosure #carbondisclosure #SEC #climaterisk

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