THE WHAT? California’s lawmakers have greenlighted a groundbreaking bill mandating extensive emissions disclosures from major companies operating within the state.
THE DETAILS The SB 253 legislation is now awaiting the decision of Gov. Gavin Newsom, who has not yet voiced his stance. If enacted, businesses boasting annual revenues upwards of $1 billion would need to report diverse emissions. This encompasses those from their direct facilities and indirect sources like suppliers, employee commutes, and corporate trips.
THE WHY? The bill faced vehement resistance from the business sector, notably spearheaded by the
The latter and other entities intensified their lobbying endeavours, particularly as the legislative session drew to a close.