185-87 SB-261 Greenhouse gases: climate-related financial risk

Summary

This bill would require, on or before January 1, 2026, and biennially thereafter, a covered entity, as defined, to prepare a climate-related financial risk report disclosing the entity’s climate-related financial risk and measures adopted to reduce and adapt to climate-related financial risk. The bill would require the covered entity to make a copy of the report available to the public on its own internet website.

Thumbnail image for This bill would require, on or before January 1, 2026, and biennially thereafter, a covered entity, as defined, to prepare a climate-related financial risk report disclosing the entity’s climate-related financial risk and measures adopted to reduce and adapt to climate-related financial risk. The bill would require the covered entity to make a copy of the report available to the public on its own internet website.

Issuer

United States

Year

2023

Region

North America

Issuer (type)

State of California (Government)

Policy Type

Disclosure

Geographical scope

Sub-national

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Information
Public administration

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 3: Good Health and Well-being
SDG 5: Gender Equality
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 13: Climate Action
SDG 16: Peace, Justice, and Strong Institutions