SEC vs. Courts: The High-Stakes Showdown Over Climate Disclosure That Could Shake Every Investor’s Playbook
Meanwhile, at the rate California is going, it might not make a difference which side gets caught holding the steaming spud. The largest state in the union constitutes one of the world’s biggest economies by itself, and the state government is pressing ahead with plans to put climate reporting rules in place for companies next year. Under the California law, companies that do business in the state and have annual revenues of more than $1 billion will be required to report a broad range of emissions data. Additionally, companies doing business in California with annual revenues of more than $500 million will need to prepare annual reports on their climate-related risks and their plans to address those risks.
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