As sustainability executives, we are all closely monitoring the shifts in climate-related legislation. VesselBot has developed an infographic that breaks down California’s new Climate Accountability Package (SB 253 and SB 261), which introduces important reporting requirements for many large companies operating within the state.
Here are the key aspects of the legislation:
- SB 253: Requires greenhouse gas (GHG) emissions disclosure for companies with annual revenues exceeding $1 billion.
- SB 261: Mandates climate-related financial risk disclosure for businesses with revenues above $500 million.
A few thoughtful considerations to explore:
- How is your organization preparing for these new reporting requirements?
- What challenges do you anticipate in accurately measuring and reporting Scope 3 emissions?
- Beyond compliance, how can you use this data to drive significant sustainability improvements?
Let’s turn these regulatory changes into opportunities for advancing sustainability within our organizations.
Source: VesselBot
