California AB154 mandates climate-related financial risk disclosures and greenhouse gas emissions reporting for large businesses operating in.

California AB154, known as the Climate Corporate Data Accountability Act, requires large businesses with over $500 million in annual revenue operating in California to disclose climate-related financial risks and greenhouse gas emissions. Starting in 2026, these entities must report their scope 1 and scope 2 emissions annually and scope 3 emissions starting in 2027. They must also prepare a biennial climate-related financial risk report. The California Air Resources Board will oversee these disclosures, including setting fees and imposing penalties for noncompliance.

California AB154 mandates climate-related financial risk disclosures and greenhouse gas emissions reporting for large businesses operating in.

California AB154, known as the Climate Corporate Data Accountability Act, requires large businesses with over $500 million in annual revenue operating in California to disclose climate-related financial risks and greenhouse gas emissions. Starting in 2026, these entities must report their scope 1 and scope 2 emissions annually and scope 3 emissions starting in 2027. They must also prepare a biennial climate-related financial risk report. The California Air Resources Board will oversee these disclosures, including setting fees and imposing penalties for noncompliance.