Environmental & Energy
Dec. 27, 2024
SB 253 puts companies on the climate clock
California's new Corporate Climate Data Accountability Act mandates large businesses to report Scope 3 greenhouse gas emissions by 2027, pushing companies toward greater environmental transparency and supply chain collaboration.
David R. Singh
Attorney Weil, Gotshal & Manges LLP
Phone: (650) 802-3000
Email: david.singh@weil.com
Cornell Univ; Ithaca NY
Morgan D. MacBride
Attorney Weil, Gotshal & Manges LLP
Complex Commercial Litigation Department
Email: mmacbride@mofo.com
Northwestern Univ SOL; Chicago IL
Nicole Zelada
Attorney Weil, Gotshal & Manges LLP
Complex Commercial Litigation Department
In October 2023, California enacted Senate Bill 253 (SB 253) to increase regulatory pressure on companies to reduce their environmental impact. Also referred to as the Corporate Climate Data Accountability Act and amended in September 2024 by Senate Bill 219, SB 253 represents a seismic shift in corporate climate accountability as it implements new annual reporting requirements for Scope 3 greenhouse gas emissions starting in 2027. Scope 3 emissions, which often represent mor...
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