Panel Discussion - California Climate Legislation: How Should Companies Prepare for the State’s New Disclosure Laws?

Live Panel Discussion

California Climate Legislation: How Should Companies Prepare for the State’s New Disclosure Laws?

Moderator: Peter Kelso of Roux

Panelists: Alexa C. Gamble of Fox Rothschild LLP, Yelena M. Barychev of Blank Rome LLP, Drew Howard, MEM & Kristen Knorn of Roux

Wednesday, January 31 at 1-2pm EST

In October 2023, California Governor Gavin Newsom signed several pieces of legislation into law that will require certain companies doing business in California to report and disclose Scope 1, 2, and 3 greenhouse gas (GHG) emissions and climate-related financial risks. The bills known as the Climate Corporate Data Accountability Act, the Climate-Related Financial Risk Act, and the Voluntary Carbon Market Disclosures Act, outline new regulations that mandate the reporting and disclosure of corporate energy usage and emissions as well as financial risks related to climate change. The three bills are part of California’s Climate Accountability program.

This complimentary Roux panel discussion will outline the reporting obligations under the new California climate legislation. The speakers will discuss the criteria for companies conducting business in California to determine whether they are a reporting entity under the new laws, and if so, how they can efficiently begin to collect GHG and other emissions data to prepare public disclosures for state regulators, and/or reports they can provide to clients in their supply chain. Join us as our panel details how California’s laws compare to the environmental disclosure rules currently proposed by the US Securities & Exchange Commission (SEC), the reporting frameworks and effective dates of the California legislation, upcoming legal and regulatory considerations in 2024, and the prospects of California’s new climate laws proliferating to other states.