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California › Risk Management › Climate Change

Wilson Sonsini Goodrich & Rosati

Preparing for SB 261: Climate-Related Financial Risk Disclosure Reports Due by January 1, 2026, for Covered Companies

Wilson Sonsini Goodrich & Rosati on

SB 261 requires companies with over $500 million in total annual revenue that do business in California to publish a climate-related financial risk report (Risk Report) by January 1, 2026, and every two years thereafter,...more

Ropes & Gray LLP

Five Takeaways from CARB’s July 9 FAQs on California’s New Corporate Climate Disclosure Requirements

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The California Air Resources Board (CARB) has published seven pages of FAQs on California’s corporate greenhouse gas reporting and climate-related financial risk disclosure programs. These disclosure requirements are...more

Orrick, Herrington & Sutcliffe LLP

California’s Climate Law Pushes for Financial Impact Disclosures

Orrick, Herrington & Sutcliffe LLP on

California’s SB 219 is the first state law requiring broad-based reporting of material climate-related financial risk by US companies. With the initial reporting deadline set for Jan. 1, 2026, companies are actively...more

Mitchell, Williams, Selig, Gates & Woodyard,...

California Sustainable Insurance Strategy (SIS) Allows FAIR Plan Assessment Recoupment

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The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the state insurer of last resort - the California FAIR (Fair Access to Insurance...more

Beveridge & Diamond PC

Changing Climate for Corporate Disclosures: SEC Mandates Climate Disclosures for Public Companies (Updated)

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Update: On February 11, 2025, acting SEC Chairman Mark Uyeda issued a statement changing the SEC’s position on the Final Climate Rules. Chairman Uyeda states that he “continue[s] to question the statutory authority of the...more

Integral Consulting Inc.

Microgrids and Wildfire Resilience: A Case Study of California Fires

Integral Consulting Inc. on

The risk of catastrophic wildfires is increasing. Rising global temperatures, changing precipitation and wind patterns, and alterations in vegetation are contributing to environmental conditions conducive to more frequent and...more

Stoel Rives - Ahead of Schedule

Wildfires and Property Insurance: Navigating a Shifting Landscape

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As wildfires grow more frequent and severe across California, Oregon, and Washington, homeowners and businesses face mounting challenges in securing and maintaining property insurance. The Los Angeles wildfires alone have...more

Cooley LLP

Sustainability Reports Are Getting Longer – Is That a Good Thing?

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As I get older, my motto has been “less is more.” That certainly works for a mindful lifestyle. And it also works for pickleball, as one learns to hit the ball softly and place it cleanly rather than banging away at it to...more

Proskauer - Regulatory & Compliance

The Fate of the New U.S. Climate Change Rules Under the New Republican Administration; Certain States are Expected to Ramp Up...

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It is no secret that the incoming Republican Administration has been skeptical of the federal government’s climate change measures, which brings further uncertainty to the SEC’s new climate change rules (the “Rules”).  To be...more

Quarles & Brady LLP

California’s New Climate Disclosure and GHG-Related Claims Laws

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On October 7, 2023, Governor Gavin Newsom signed into law a trio of climate-related bills that will impact what companies doing business in California must (or can) say about their greenhouse gas (GHG) emissions and the...more

Pillsbury Winthrop Shaw Pittman LLP

Unplugging the Green Light on California's New Climate Disclosure Laws

Pillsbury Winthrop Shaw Pittman LLP on

Business groups’ recently filed lawsuit mounts the first legal challenge to California’s novel climate disclosure laws, creating potential uncertainty for impacted companies. On October 7, 2023, California Governor Gavin...more

Perkins Coie

California Enacts Broad Climate Disclosure Laws

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California Governor Gavin Newsom signed two climate disclosure bills into law on October 7, 2023. They will impose significant reporting obligations on thousands of companies doing business in California. SB 253, the Climate...more

Bass, Berry & Sims PLC

California Legislature Passes Significant Climate Disclosure Bills With Potential Broad Scope

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Over the weekend, California Governor Gavin Newsom signed into law two major climate-related disclosure bills, Senate Bill 253: Climate Corporate Data Accountability Act (SB 253) and Senate Bill 261: Greenhouse Gases:...more

Akin Gump Strauss Hauer & Feld LLP

California Corporate Data Accountability and Climate-Related Financial Risk Act

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California is poised to become the first state to require large companies to disclose greenhouse gas (GHG) emissions from direct operations, supply chains and employees and report on climate-related financial risk and any...more

Fenwick & West LLP

California’s Proposed Bills Require Companies to Report on Climate Emissions and Risks

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While all eyes are on proposed federal and European climate disclosure rules, the California legislature passed two climate-related bills that overlap somewhat with the Securities and Exchange Commission (SEC)’s proposed...more

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