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Companies selling in California must now brace for climate disclosure

In ****, California Legislature enacted two major climate disclosure laws—the Climate Corporate Data Accountability Act (SB ***) and the Climate-related Financial Risk Reporting Program (SB ***). These state-level mandates apply to both US and foreign companies operating in California, but do not extend beyond the state.

The California Air Resources Board (CARB) is now developing regulations and guidance to implement these laws, with the goal of providing investors and consumers with accurate, comparable, and actionable climate information.