Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
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Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
Enter Subheading para
Enter Subheading para
Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
Enter Subheading para
Enter Subheading para
Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
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Abhigyan Gupta
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SB-253 requires companies with over $1 billion in annual revenue doing business in California to annually disclose their Scope 1 and 2 greenhouse gas emissions starting in 2026 and Scope 3 emissions (full value chain) starting in 2027.
SB-261 mandates that companies with over $500 million in annual revenue operating in California must biennially report their climate-related financial risks—including governance, strategy, risk management, and metrics—aligned with the TCFD framework, beginning in 2026.
According to the article, SB-253 requires companies to obtain third-party assurance. Starting in 2026, businesses must secure limited assurance for Scope 1 and 2 emissions, which will be upgraded to reasonable assurance by 2030. Scope 3 emissions, beginning in 2027, will undergo review by the California Air Resources Board (CARB).
SB-261 obliges qualifying businesses to disclose climate-related financial risks and mitigation strategies every two years, using the TCFD structure covering governance, strategy, risk management, and metrics/targets. Noncompliance can result in fines of up to $50,000 per reporting year.
Next steps include tackling data complexity, ensuring consistency with SEC and ISSB rules, and preparing for stricter Scope 3 reporting and assurance requirements. Over time, these laws could shape supplier engagement, guide insurance resilience strategies, and push businesses toward strategic scenario planning that turns compliance into opportunity.
