Local Laws with Global Reach: California's New Sustainability Disclosure Laws

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Written By anne pageau
 
 

California has passed new climate disclosure bills which will impact companies doing business in the state and their global supply chains.

The Climate Corporate Data Accountability Act (CCDAA) is a landmark bill for carbon accounting requiring public and private companies with annual revenues greater than $1 billion doing business in California (even if they are not headquartered there) to report their contribution to climate change including their full greenhouse gas (GHG) emissions (Scopes 1, 2 and 3). 

The Climate-Related Financial Risk Act (CRFRA), passed as a companion bill to the CCDAA, requires companies with revenue of greater than US$500 million to disclose their climate-related financial risks along with measures they are taking to reduce and adapt to the risks. It is the first mandatory climate-related risk disclosure law to go into effect in the US.

 
 

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anne pageau

Graphic Designer - Holland, Michigan

http://givestudio.com
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