California SB755 mandates annual climate-related financial risk disclosures from large and significant contractors.

California SB755, the California Contractor Climate Transparency Act, requires large and significant contractors to annually disclose their scope 1, scope 2, and scope 3 emissions. A large contractor is defined as any company receiving over $25 million in state contract obligations, while a significant contractor receives between $5 million and $25 million. These disclosures must align with existing greenhouse gas emissions reporting regulations. The reporting requirement begins January 1, 2027, following the adoption of related regulations.

California SB755 mandates annual climate-related financial risk disclosures from large and significant contractors.

California SB755, the California Contractor Climate Transparency Act, requires large and significant contractors to annually disclose their scope 1, scope 2, and scope 3 emissions. A large contractor is defined as any company receiving over $25 million in state contract obligations, while a significant contractor receives between $5 million and $25 million. These disclosures must align with existing greenhouse gas emissions reporting regulations. The reporting requirement begins January 1, 2027, following the adoption of related regulations.