California SB 261 summary and attribution

The California Senate Bill 261 (SB 261), also known as the Climate-Related Financial Risk Act, is a climate-risk disclosure law enacted by the California Legislature and codified in California Health and Safety Code § 38533. SB 261 requires public and private business entities doing business in California with annual revenues over $500 million to assess and publicly disclose climate-related financial risks and mitigation measures. Covered entities are expected to prepare these disclosures in accordance with recognized frameworks such as the Task Force on Climate-Related Financial Disclosures (TCFD) and to publish reports on their own websites and submit links to the California Air Resources Board (CARB).

Attribution

IBM® Envizi ESG Suite includes regulations from the California Air Resources Board (CARB) that IBM obtained from CARB’s official website and public docket. The information is provided on an “as-is” basis by CARB and reflects the current status of SB 261, including guidance and legal developments. CARB makes no warranties regarding the use of this document or the information provided hereunder, and disclaims liability for damages resulting from the use of this information. For more information, see Climate-Related Financial Risk Reports (SB 261) Docket