The next 50 days will be very interesting for climate bills in both California and the US.
Per this article, in California, voting will need to occur this week (by 14 September 2023) for SB 253 (“The Climate Corporate Data Accountability Act”) and SB 261 (which adds a requirement to post climate risks on your company’s website). If they pass, they go to the desk of Governor Newsom, with yes/no on signature by mid-October.
These two bills mirror the new rule expected out of the US Securities and Exchange Commission, also due in October.
Per the author of the attached article, many companies believe climate laws are inevitable in the US, as it needs to have a program that can match up with other global programs, such as those in the EU.
If your company would like to get ahead of this and use it to your brand’s benefit, watch this master class and contact us.