California Climate Corporate Accountability Act

SB-253  applies to all reporting entities "doing business" in California, regardless of industry. This includes partnerships, private companies, and corporations with annual revenues exceeding $1 billion that are required to file tax and financial information.
Covered entities must annually disclose their GHG emissions for the prior fiscal year. These companies are required to conduct GHG inventories in accordance with the GHG Protocol, with Scope 1 and Scope 2 emissions disclosures beginning in 2026, followed by Scope 3 emissions in 2027.

SB-261 applies to all business entities with annual revenues exceeding $500 million (excluding entities regulated by the California Department of Insurance or those conducting insurance business in other states). Covered entities must prepare and submit a climate-related financial risk report every two years (biennially) aligned with the TCFD framework (Task Force on Climate-related Financial Disclosures), outlining their climate-related financial risks and corresponding response measures.

• SB-253: Covered entities that fail to comply with GHG emissions disclosure requirements may subject to administrative penalties of up to US$500,000 per reporting year.
• SB-261: Covered entities that fail to disclose climate-related financial risks or submit the required response and adaptation measures may face administrative penalties of up to US$50,000 per reporting year.

• ISO 14064-1 Organizational GHG Inventory Services
• ESG Report Preparation Services