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The California Air Resources Board (CARB) will hold a virtual public workshop to support the development of California’s Corporate Greenhouse Gas Reporting Program, established by Senate Bill (SB) 253 (Wiener, 2023), and the Climate-Related Financial Risk Disclosure Program, authorized by SB 261 (Stern, 2023). SB 219 (Wiener, 2024) amended both programs, extending certain deadlines and implementing other administrative changes. The workshop will consist of a morning session where staff will present an overview of the above-mentioned legislation, a timeline for regulatory development, and an overview of feedback received from stakeholders from our December 2024 California Climate-Disclosure Information Solicitation. Additional presentations will include a comparative analysis of greenhouse gas accounting and reporting mechanisms that currently exist across various regulatory and voluntary programs.
Staff will take verbal feedback during the workshop. Workshop materials will be posted to the California Corporate Greenhouse Gas (GHG) Reporting and Climate Related Financial Risk Disclosure Programs webpage by 9AM on May 28, 2025. For special accommodations or language needs, please contact climatedisclosure@arb.ca.gov, no later than May 22.
The workshop will be held virtually:
Date: Tuesday, May 29, 2025
Time: 9:30 am – 12:30 pm (Pacific Time)
Location: Remote only; register for virtual attendance
Background
The California Corporate Greenhouse Gas Reporting Program, authorized by Senate Bill (SB) 253 (Wiener, 2023) is being developed by the California Air Resources Board (CARB) and will require business entities formed under the laws of California, the laws of any other state of the United States or the District of Columbia, or under an act of the Congress of the United States, with total annual revenues in excess of one billion dollars ($1,000,000,000) that do business in California (“reporting entities”) to annually disclose their scope 1, 2 and 3 emissions for the prior fiscal year. The initial annual emissions disclosures are required to address scope 1 and 2 emissions with third-party limited assurance requirements and in subsequent years must include scope 3 emissions. The Climate Related Financial Risk Disclosure Program authorized by SB 261 (Stern, 2023) also applies to both public and private U.S. companies that do business in California with annual revenues of $500 million. This program is also currently under development by CARB and will require companies to publish biennial climate-related financial risk reports. SB 219 introduced amendments to parts of SB 253 and SB 261, including adjustments to regulatory timelines, the timing for reporting scope 3 emissions, fee payments, and other provisions. Beginning in December 2024, CARB initiated a public feedback process to inform the implementation of SB 253, SB 261, and their amendments under SB 219. View previous public comments on the Climate-Disclosure Information Solicitation public comments webpage.
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