On December 5, 2024, the California Air Resources Board (CARB) issued an Enforcement Notice regarding the Climate Corporate Data Accountability Act (SB 253), which will require companies “doing business” in California to report their Scope 1, 2, and 3 greenhouse gas emissions (GHG), with reporting for 2025 Scope 1 and 2 emissions beginning in 2026 (see our previous discussion of the law’s requirements here).
Jason Langford
Jason is an associate in the firm's Corporate practice. He focuses his practice primarily on helping domestic and foreign issuers raise capital while complying with the disclosure obligations and reporting requirements under the Securities Act of 1933 and Securities Exchange Act of 1934, as well as securities exchange requirements and listing standards. In addition, he assists companies with corporate governance and affiliated entity management, supports merger and acquisition transactions, and assists with general corporate and compliance matters.
California Law Highlights the Need to Prepare for Climate Disclosures
The march toward mandated corporate disclosures for climate-related risks continues. Despite significant pushback and substantial legal challenges, state legislatures and regulators are continuing to advance laws and rules that will require disclosures of both greenhouse gas (GHG) emissions and climate risks.
California Senate Bill (SB) 219, signed into law…