California Passes Landmark Climate Bills Requiring Major Corporations to Disclose Greenhouse Gas Emissions Starting in 2026.

California has passed two climate-related legislative measures, SB-253 and SB-261, which would require companies with annual revenues of more than $1 billion in annual gross revenues to disclose their scope 1 and scope 2 greenhouse gas emissions starting in 2026 and to report their scope 3 emissions for the previous fiscal year starting in2027. The bills have garnered support from at least a dozen large corporations, including Microsoft, Ikea USA., Atlassian and Adobe. If adopted, both of California’s bills, if adopted, will likely face legal challenges, which could postpone implementation or result in repeal of the laws in part or in whole.