Bill > SB253

This bill, the Climate Corporate Data Accountability Act, would require companies with over $1 billion in annual revenue that do business in California to publicly disclose their greenhouse gas emissions, including direct emissions (Scope 1), indirect emissions from electricity use (Scope 2), and other indirect emissions in their value chain (Scope 3). The bill would mandate that these disclosures be subject to an independent third-party assurance engagement starting in 2026 for Scope 1 and Scope 2 emissions, and potentially in 2030 for Scope 3 emissions. The bill would establish a Climate Accountability and Emissions Disclosure Fund, funded by fees paid by the reporting entities, to cover the state's costs of administering and implementing the requirements. The bill also calls for a report on the disclosures and their context relative to California's emissions reduction goals, and creates a public digital platform to host the data.

Agriculture and Natural Resources, Budget and Finance, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202320240SB253