Senator Scott Wiener (D-San Francisco) and two co-author Assemblymembers Robert Rivas (D-Salinas) and Ash Kalra (D-San Jose) today introduced S.B. 260, the Climate Corporate Accountability Act.
The bill is aimed at making large corporations take responsibility for the emissions they produce. It would require corporations with income of $1 billion or more annually who do business in California (not just headquartered here) to track and report all the greenhouse gas emissions they produce in the course of doing business. They then must set “science-based targets” to reduce their carbon footprints.
Importantly, the reporting requirements would apply to all emissions related to a corporation’s business. That would include power usage and operations, as well as other functions that may not be considered “core” functions but that emit greenhouse gases, including from the supply chain, employee commuting, transportation, and delivery.