On October 7, 2023, California Governor Gavin Newson signed into law two expansive climate disclosure bills (SB 253 and SB 261), making California the first state in the U.S. to impose requirements on greenhouse gas emissions disclosure and mandate reporting on climate-related financial risks.
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Actions on Climate Change Disclosure in California and New Report Indicate Spring May Be In Like a Lion and Out Like One Too! Wednesday, April 7, 2021
On Monday, the State of California launched a new group out of Governor Newsom’s office – the Climate-Related Risk Disclosure Advisory Group just as CERES (Coalition for Environmentally Responsible Economies), a non-profit organization that has been a significant voice over the past decade on climate and sustainability economic issues, issued a report entitled,
Turning Up the Heat, The need for urgent action by U.S. financial regulators in addressing climate risk.
The California advisory group is led jointly from the governor’s office and the Stanford University Precourt Institutes Sustainable Finance Initiative. It is comprised of representatives from state government, various finance and energy finance institutions, venture capitalists, academics, and consultants. The Governor’s Office of Pl