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Business leaders face greater pressure to increase their organizations’ resilience while simultaneously addressing social issues of importance to stakeholders. Our advisory practice helps companies navigate the legal, business and political ramifications of developing and implementing ESG initiatives. We advise on matters such as stakeholder engagement, corporate governance, crisis management, corporate social responsibility, sustainability, diversity and inclusion, ethics and compliance.

California Climate Accountability Package

October 25, 2023 Download PDF

On October 7, Governor Newsom signed into law two climate bills, the Climate Corporate Data Accountability Act Senate Bill 253 (SB253) and the Climate-Related Financial Risk Act Senate Bill 261 (SB261), as part of the California Climate Accountability Package. Under the new disclosure laws, U.S. companies that satisfy monetary thresholds and do business in California will be required to publicly disclose their direct and indirect greenhouse gas (GHG) emissions and climate-related financial risks. This fact sheet provides a high-level overview of the scope of SB253 and SB261, what each requires, when relevant reporting obligations will commence and penalties for noncompliance.

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