Hunton Retail Law Resource

The past year saw the California Air Resources Board (CARB) grapple with implementation of California’s climate disclosure laws, SB 253 (Climate Corporate Data Accountability Act) and SB 261 (Climate-Related Financial Risk), both of which were enacted in 2023 with first compliance deadlines in 2026.

On September 24, the California Air Resources Board (CARB) published a preliminary list of entities that CARB believes may be subject to climate reporting under SB 253 and SB 219 (requiring corporate greenhouse gas reporting) and SB 261 (requiring climate-related financial risk disclosure). CARB had previously announced its intention to release this list in its August workshop on regulation development and additional guidance regarding SB 253/261/219 implementation, of which a recorded video is available here.