Below is an excerpt from ISS-Corporate’s recently released report “Navigating California Senate Bills 261 and 253 and the Evolving Landscape of Climate Disclosure”. The full report is available on the ISS-Corporate online library.
California continues to be at the forefront of environmental regulation, enacting the Climate-Related Financial Risk Act (SB261) and the Climate Corporate Data Accountability Act (SB 253) in October 2023. The new legislation adds to a broader global trend of stricter and more extensive climate disclosure requirements for companies.
In this report, ISS-Corporate breaks down the new regulation and looks at what type of companies and industries are currently the best prepared to meet the new standards. We also take a look at the steps that companies should take to get ready for evolving disclosure requirements in both the U.S. and Europe.
Sara Derian, Associate, Sustainability Advisory – Americas, ISS-Corporate
Daniel Feinberg, Senior Associate, Sustainability Advisory – Americas, ISS-Corporate