Scope 3 Could Be Scrapped from California Climate Bills

Krista was extensively quoted in an ESG Investor article on California’s climate bills. The package of three laws includes SB 253, requiring businesses operating with annual revenues greater than US$1billion to report their Scopes 1, 2, and 3 emissions as of 1 January 2026 (for 2025 data) and SB 261, requiring them to biannually disclose climate-related financial risks and mitigation from the same date.

“Given the California legislature declined to amend the statutes and extend compliance timelines, regulated entities should prepare for compliance according to the bills’ original timelines and obligations,” said Krista.

Krista also discusses the emergence of state-level legislation in California and other states including New York, Oregon, Illinois, and Washington.

Read the article (Subscription required).