A first-in-the-nation bill that would require large companies doing business in California to publicly disclose their greenhouse gas emissions and report “scope 3” emissions associated with customers was recently approved by both houses of the California state legislature and now heads to Governor Gavin Newsom for final approval.
In a Financial Times article, capital markets and ESG counsel Marc Rotter notes that if the legislation is enacted it would require significantly more information than is currently disclosed by many banks and other companies.
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