This week, California lawmakers passed a first-in-the-nation legislative package that, on first blush, may sound like a highly technical matter of bookkeeping, but in fact represents a watershed moment for corporate transparency and climate risk management that will have nationwide impacts.
Under the two-bill package, which awaits the signature of Gov. Gavin Newsom, large companies that do business in the state will now be required to report their climate pollution across their supply chains, as well as the risks they face from a warming climate. Some 10,000 companies are estimated to face new reporting requirements.
Source: California Is About To Usher In A New Era Of Corporate Transparency
