The California disclosure rules that Governor Gavin Newsom recently signed into law would require U.S. companies with total annual revenues in excess of $1 billion that do business in California to annually report on greenhouse gas emissions, starting as soon as 2026. The rules also raise the risk of legal challenges to the companies’ climate claims.
In a Reuters article republished in Yahoo Finance, Michael Littenberg, partner and global head of ESG, CSR and business and human rights practice, notes that the California rules and pending regulations from the U.S. Securities and Exchange Commission "will be rocket fuel for climate disclosures."
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