Companies Have An Additional Year To Comply With California Emissions Disclosure Rules
The state of California will give companies operating in the state that are subject to its brand new emissions disclosure rules one additional year to comply with the regulation. (Firms with more than $1 billion in annual revenue must adhere to these rules.)
In a statement from early December, the California Air Resources Board (CARB) also said that since companies might need more time to put data-collection processes in place, they could report emissions data based on what a company already has in hand or is collecting.
As part of the law, which was signed by Gov. Gavin Newsome (D-Calif.) in October 2023, companies must disclose their Scope 1 and 2 emissions — those that come directly from operations and purchased electricity, respectively — by 2026 and their Scope 3 emissions, or those that come from their supply chains, by 2027. The announcement from CARB came after several companies launched several legal challenges to the laws’ deadlines, arguing they were too aggressive.
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