CA Senate Bills 253 and 261, signed by Gov. Newson on October 7, will dramatically expand climate-related reporting and disclosure requirements for major companies conducting virtually any business transaction in the state. The new rules reach far beyond long-discussed pending SEC requirements and impact both public and private companies.

Pillsbury’s leading environmental and energy practitioners discuss the repercussions of these first-in-the-nation laws, including the challenges of making Scope 1, 2 and 3 disclosures and formally assessing climate-related risks, along with how SB253 and SB261 differ from pending SEC rules and how to harmonize a compliance approach in light of federal requirements, international standards and state legislation.

Speakers:
Anne Austin, Partner, Environmental & Natural Resources
Ari Berman, Partner, Securities Litigation & Enforcement
Michael McDonough, Partner, Environmental & Natural Resources

Pillsbury Panelists

Sponsor

Pillsbury