California Updates Climate Disclosure Rules

The California legislature recently made a few minor changes to its climate-related disclosure rules. This Update summarizes the three California statutes plus the recent updates to those statutes enacted in SB 219. Changes include: 

• Extending the deadline for the California Air Resources Board (CARB) to publish greenhouse gas (GHG) emissions disclosure regulations by six months to July 1, 2025.
• Potentially extending the deadline for disclosure of Scope 3 GHG emissions. Previously, the deadline was within 180 days of a company’s Scope 1 and Scope 2 disclosures. SB 219 removes the 180-day requirement and will allow CARB to set an initial deadline to disclose 2026 emissions in late 2027.
• Authorizing consolidated reporting of GHG emissions at the parent-company level rather than requiring subsidiaries to provide separate reports.