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California is still the state to beat on corporate emissions
California is still the state to beat on corporate emissions

Politico

time16-07-2025

  • Business
  • Politico

California is still the state to beat on corporate emissions

With help from Alex Nieves, Nicole Norman, Juliann Ventura and Chelsea Harvey KEEPING THE TORCH: California is still the only game in town when it comes to corporate climate disclosure — even if it's taking its time on implementation. After California passed its pair of laws requiring big companies to report their emissions and their climate-related business risks and not only promptly got sued, but started watering down the requirements and timeline for enforcement, other states started stepping up to fill the void. But bills in Illinois, New Jersey, New York, Colorado and Washington have all stalled this year, leaving California as the de facto leader after the Trump-era Securities and Exchange Commission rolled back its federal rule. 'We didn't make it across the finish line,' said New York state Sen. Brad Hoylman-Sigal, whose second attempt to compel large businesses in his state to report their pollution failed last month. 'That's disappointing.' He conceded that there isn't yet the same level of support California saw for SB 253 and SB 261, when tech giants like Apple and Google came on board late in the 2023 session to push them over the finish line. 'I don't think it was a lack of interest or effort,' Hoylman-Sigal said. 'I think it was mostly due to a shorter legislative session. It's a complicated, big, important bill.' He said he thinks it can pass next year — but someone else will have to shepherd it, since he's leaving the Legislature to run for Manhattan borough president. Other bills have yet to be taken up or were scaled back. Washington's measure was turned into a study bill before failing to advance, while New Jersey's is expected to fall prey to lawmakers' election-year ambitions. Environmentalists who had been getting impatient with California's pace of implementation have since made their peace. Ceres, a sustainability nonprofit that counts Amazon, Bank of America and Target among its member companies, had gotten frustrated enough that it started backing copycat legislation in other states — a reversal from when both Ceres and the U.S. Chamber of Commerce, which is suing over the rules, agreed a 'regulatory patchwork' would be counterproductive. Now, Steven Rothstein, managing director of the Ceres Accelerator for Sustainable Capital Markets, said he feels comfortable enough with CARB Chair Liane Randolph's commitment to finalize rulemaking by the end of the year before companies start making disclosures of scopes 1 and 2 greenhouse gas emissions in 2026. 'We are responding to inquiries from states all the time,' Rothstein said. 'But we're not going out and beating the bushes.' The shift in tone is a notable new vote of confidence in CARB after we reported late last year that the agency won't seek corporate penalties for 'incomplete reporting' so long as a company makes a 'good faith effort' to retain data relevant to its carbon footprint, sparking a backlash from disclosure supporters. Gov. Gavin Newsom had also sought to delay corporate climate reporting by two years, and CARB suggested scrapping Scope 3 reporting requirements, which remain in the law and will kick in in 2027. But Rothstein said he's encouraged by the progress he's seen, which includes a workshop CARB held in May on the issue. 'We're eager to do it, but it's more important that it be done thoughtfully and in a diligent manner than a few months' delay,' he said. — JW Did someone forward you this newsletter? Sign up here! SOLAR TRUCE: A controversial proposal to reduce subsidies for a wide swath of rooftop solar customers is no more. Assemblymember Lisa Calderon agreed Tuesday to remove language from AB 942 that would have lowered payments to homeowners who installed solar panels before 2023 for surplus energy they sell back to the electric grid through a process called net metering. The amended measure cleared the Senate Energy, Utilities and Communications Committee on Tuesday on a 9-4 vote. The bill would have aligned payments to early adopters of solar with less lucrative subsidies for homeowners who installed solar panels after the California Public Utilities Commission voted in 2022 to end net metering. That concept sparked a heated debate over who benefits from higher subsidies and whether rolling back net metering has hampered the state's climate goals. Utilities, labor unions and ratepayer advocates argue that subsidizing solar customers' energy bills means that homes without rooftop solar pay a disproportionate amount to maintain the electric grid. Meanwhile, the solar industry, developers and realtors argued that the proposal to reduce payments would have retroactively broken contracts between home sellers and buyers. The bill is now narrowly tailored to ding residential customers whose annual electric bills are under $300. They would no longer be eligible to receive a separate credit funded with cap-and-trade auction revenues. — AN SPEAKING OF AMENDMENTS: Senate Democrats also nixed language from a bill that would have required CPUC appointees to represent different regions of the state. Committee Chair Josh Becker said during a hearing Tuesday that the decision was made in light of Newsom's veto of a similar bill in 2022. At the time, the governor said mandating that commissioners come from different regions was unnecessary because he was committed to having state boards that 'represent California's diversity.' Assemblymember Rhodesia Ransom, author of AB 13, reluctantly accepted the amendment to the current bill, telling the committee that she was 'not excited' about the changes. Some lawmakers and ratepayer advocates have expressed concern that all five of the CPUC's current commissioners — each of whom was appointed by Newsom — live in the Bay Area or Sacramento region, which is served by one utility: Pacific Gas & Electric Co. The bill still contains a handful of proposed changes to CPUC's rules, including a requirement that at least one commissioner have a background in consumer protection and new reporting mandates when the commission decides to increase rates. — AN POINTING FINGERS: Republican House Speaker Mike Johnson said Tuesday that the federal government has not seen California's 'formal request' for wildfire aid, saying that there is a 'multistep process' that has not been completed. 'For whatever reason, Gavin Newsom seems to enjoy trying to stick his thumb in the eye of the White House and Congress, which seems to be counter purpose if he is requesting relief,' he said. Newsom's office clarified in a post on X that they have been in contact with the speaker's office. 'It's our understanding that the Speaker was referring specifically to the White House's formal appropriations request,' they clarified. Newsom took a trip to Washington in February to meet with lawmakers on both sides of the aisle on the issue. That month, he also sent a letter to Johnson and other House leaders asking for almost $40 billion to help with immediate and long-term recovery. — NN AI OBSTACLE — Looming budget cuts at the National Oceanic and Atmospheric Administration could undermine the country's AI-powered weather forecasting capabilities. The funding threat comes as California tech companies have been seizing their moment in Washington in hearings focused on wildfire policy and technology. The Trump administration wants to slash the agency's budget by $2.2 billion — a move that experts say could stymie the improvement of AI weather models, Chelsea Harvey reports for POLITICO's E&E News. While AI did not predict the floods in Texas, the technology was showing potential with weather forecasting and new models are 'certainly capable of predicting 'out-of-sample' events — events that they haven't seen before,' said Corey Potvin, a scientist at NOAA's National Severe Storms Laboratory in Norman, Oklahoma. Meanwhile, Kim Doster, NOAA's director of communications, dismissed concerns, saying in an email that cuts would not negatively impact research and forecasting at NOAA. – JV — The California Department of Forestry and Fire Protection put out a new map that shows the severity of all fires over 1,000 acres since 2015. — A new report on state efforts to reduce plastic pollution ranks California as the nation's leader. — The 2026 FIFA World Cup, hosted by the United States, Canada and Mexico, is going to have an extreme heat problem.

Regulatory Spotlight: Navigating California's Climate Accountability Package (CCAP)
Regulatory Spotlight: Navigating California's Climate Accountability Package (CCAP)

Associated Press

time07-07-2025

  • Business
  • Associated Press

Regulatory Spotlight: Navigating California's Climate Accountability Package (CCAP)

Passed in 2023, the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261) were viewed as groundbreaking legislation in the United States and around the world. Despite challenges to the legislation, changes in geopolitical pressures, and the latest from the European Union's Omnibus I package, California has remained steadfast in their commitment to ensuring companies consider and disclose climate-related matters starting in 2026. Understanding these regulations and their evolving timelines is crucial for compliance and strategic planning. Summarizing California's Key Climate Acts SB 253: The Climate Corporate Data Accountability Act This act mandates that public and private companies doing business in California with total annual revenues exceeding $1 billion USD report their greenhouse gas (GHG) emissions in accordance with the GHG Protocols. SB 261: The Climate-Related Financial Risk Act This act requires public and private companies doing business in California with total revenues exceeding $500 million USD to biennially disclose their climate-related financial risks. These disclosures must follow the Task Force on Climate-Related Financial Disclosures (TCFD) framework or its successors, such as the International Financial Reporting Standards (IFRS) Sustainability Standards, specifically 'IFRS S2". The key deadline for SB 261 is January 1, 2026. SB 219: Greenhouse gases: climate corporate accountability: climate-related financial risk This bill was introduced in September 2024, providing an extension for CARB to finalize and adopt the new rules for both SB 253 and SB 261 in July 2025. The bill also streamlines SB 253 reporting requirements for parent companies, removing the requirement for subsidiaries to file separate reports. Latest Developments and Global Influence On May 29, 2025, the California Air Resources Board (CARB) hosted a virtual workshop to discuss the implementation of SB 253 and SB 261, as well as the amendments under SB 219. During the workshop, State Senators Scott Weiner and Henry Stern acknowledged the global influence of similar disclosure regulations, such as the EU's Corporate Sustainability Reporting Directive (CSRD), but reiterated that the compliance deadlines for California's bills remain unchanged. CARB presented initial concepts regarding definitions for 'doing business in California,' 'revenue,' and 'corporate relationships'. However, CARB also indicated that more time is needed to finalize their proposed rules and that meeting the July 1 deadline presented in SB 219 would be unlikely. Instead, the rules package for SB 253 and SB 261 is now anticipated to be finalized by the end of the 2025 calendar year. In a similar fashion, on July 1, 2025, the European Financial Reporting Advisory Group (EFRAG) announced that they would also extend their public consultation period from the end of July through the end of September, extending the revision and simplification deadline of the European Sustainability Reporting Standards (ESRS) until November 30, 2025. It is yet to be seen if the delay for the updated ESRS will have further impact on the status of the California rules. A notable point from the workshop was CARB's reminder about a December 2024 Enforcement Notice: reporting entities will not be subject to penalties for incomplete disclosures related to SB 253, provided they demonstrate 'good faith efforts' to collect GHG emissions data. It's important to note that a similar Enforcement Notice has not been introduced for SB 261 at this time. The California rulemaking process is comprehensive, offering opportunities for public engagement and compliance reviews. CARB remains in the 'Pre-Rulemaking' stage and intends to continue public engagement before issuing proposed regulations. Once the proposed rules are ready, CARB will enter the 'Formal Rulemaking' status, with one year to finalize and adopt the rules into law. This means that the final rules might not be ready until late 2026. Preparing for Compliance: Actionable Steps Despite the delayed release of formal guidance materials, the statutory deadlines for these regulations remain in effect. Therefore, companies, especially those new to GHG emissions inventories and/or climate-related risk reporting, should begin preparations as soon as possible. Here are key areas your organization should focus on: Key Deadlines at a Glance: The evolving landscape of climate corporate accountability demands proactive engagement. Antea Group is here to help your organization navigate these complex regulations and build a resilient sustainability reporting framework. Is your company prepared for California's new climate disclosure mandates? Learn how Antea Group can support your compliance journey and enhance your sustainability reporting: Visit 3BL Media to see more multimedia and stories from Antea Group

The upside of missing deadlines
The upside of missing deadlines

Politico

time02-07-2025

  • Business
  • Politico

The upside of missing deadlines

With help from Camille von Kaenel and Jordan Wolman SILENCE IS GOLDEN: California regulators' reluctance to implement the state's nation-leading climate disclosure laws could be their saving grace in court. The California Air Resources Board was supposed to finish writing rules for SB 253 and SB 261 — the contentious laws that will require large companies to disclose their carbon footprint and climate-related financial risks — on Tuesday, under an agreement lawmakers hashed out with the agency and Gov. Gavin Newsom last year. CARB Chair Liane Randolph made it clear in an exclusive interview last week that those rules won't be finalized until the end of the year and that the agency isn't planning to put out any updates in the short term. That's potentially a potent — if unintentional — legal strategy. State attorneys were in a Los Angeles federal courtroom Tuesday morning, arguing against the U.S. Chamber, the California Chamber of Commerce, the Farm Bureau and other groups' request that Judge Otis D. Wright II immediately block the two laws as the case over whether they violate the First Amendment plays out. The crux of Deputy Attorney General Caitlan McLoon's argument is that the rules businesses will need to follow haven't even been finalized yet, so there's no reason to put the laws on hold. 'If there is no requirement to speak, there can be no First Amendment harm,' McLoon said. If Wright buys that argument — and there's reason to think he could, after he dismissed two claims earlier this year that the laws violate Congress' authority to regulate interstate commerce, in part because companies hadn't proved any immediate harm — it would be an ironic twist in the years-long fight between CARB, Newsom and the laws' authors over how quickly and aggressively to implement what will be first-of-their-kind standards in the United States. Focus on SB 253 and SB 261 has been heightened since President Donald Trump's victory in November and his promise to immediately roll back climate rules. California's laws could offer a model for other Democrat-led statehouses, after Trump's Securities and Exchange Commission announced in March that it would stop defending a Biden-era federal disclosure law in court. But Trump's win wasn't enough to defuse tensions with Sen. Scott Wiener, the influential Senate Budget Committee chair who wrote SB 253, who slammed CARB in December for telling companies covered under the law that they'll get a break from having to perfectly tally their greenhouse gas emissions during the first year of the rule. Wiener and CARB are playing nice at the moment. Wiener said in an interview Tuesday that he's been in communication with the agency and that he understands officials need more time. 'My hope was to get it done July 1, but that's not feasible for them,' Wiener said. 'It's fine, because it's not going to impact the disclosures themselves, which are the most important thing.' CARB has told companies to start getting ready for when the disclosure laws take effect in 2026, a point that Eugene Scalia, the lead attorney (and son of former Supreme Court Justice Antonin Scalia) representing the plaintiffs, highlighted in his oral arguments. 'My client members are incurring costs, and are on the cusp of having to engage in unconstitutional speech,' he told the judge. Both sides also offered arguments on the merits of the First Amendment debate: McLoon said that the state has the right to regulate emissions disclosures and that the vast majority of companies that already disclose emissions as part of their business strategies do so in a way that is incomplete or misleading. Scalia countered that companies have a First Amendment right to remain silent and picked apart the studies CARB has cited to bolster their claims of misleading business practices. That fight to untangle those arguments could stretch into next year, but Wright's decision on the preliminary injunction — which he didn't offer a specific timeline for — is expected to come much sooner. — AN Did someone forward you this newsletter? Sign up here! INSIDE THE BILL: The California Chamber of Commerce is taking its swing at one of the boogeymen of the year: electric bills. The business group released a study Tuesday by the Blue Sky Consulting Group that determined that the costs of wildfire mitigation and rooftop solar represent 13 and 14 percent of the average residential monthly bill from an investor-owned utility, with another 7 percent coming from state public purpose programs like one to subsidize low-income customers. (The study largely reflects the findings of legislative analysts in January.) The Chamber is touting its new numbers as a reason to support its preferred policy fixes, which include reducing rooftop solar incentives, as proposed by Assemblymember Lisa Calderon. It's also arguing against limiting the infrastructure costs utilities can recoup from ratepayers and creating a new financing authority for transmission projects — measures proposed by energy chairs Assemblymember Cottie Petrie-Norris and Sen. Josh Becker as part of their energy affordability packages. — CvK RAKE TIME: Newsom trolled Trump from a fire lookout tower near Colfax on Tuesday morning, challenging the White House to adopt a 'model executive order' to increase firefighter pay and staffing. It's not the first time either of them have tried to score political points by criticizing the other on wildfire management. But Newsom's dig reflects his fraying relationship with the president over federal immigration enforcement raids in California. It also comes as peak fire season is ramping up, with red flag warnings blanketing Northern California on Tuesday and evacuations underway in the San Jacinto Mountains of Riverside County, where a fire has grown beyond 2,000 acres. Newsom hammered the point that the federal government owns 57 percent of the forested land in California, compared to the state's 3 percent. And he attacked the Trump administration's job cuts at federal land management, science and disaster response agencies. 'The president of the United States needs to do more to back up his rhetoric with investments and resources,' Newsom said. The White House did not respond to a request for comment by publication time. — CvK AROUND THE CAMPFIRE: Water agencies, Big Tech and timber companies are banding together to ask state lawmakers for more money for wildfire prevention. The Association of California Water Agencies, the Bay Area Council and the California Forestry Association are all members of a new coalition called the 'Wildfire Solutions Coalition,' along with more than a dozen conservation groups. Their ask: As part of the slated reauthorization of the state's landmark cap-and-trade program this year, they want ten percent of future revenues to go to 'regionally appropriate wildfire resilience strategies, as part of a larger set of dedicated investments for nature-based solutions.' They'll be fighting with transit agencies and various energy groups for the pot of money. — CvK AND FIRETECH TOO: Fire Aside, a company that sells software streamlining defensible space inspections, has signed contracts with a series of new Bay Area fire agencies, including municipal departments in El Cerrito, Hayward, Fremont and Richmond, it told POLITICO exclusively this week. It's one of a number of companies making inroads as both the Newsom and Trump administrations try to claim the growing sector for their own. MEGA MEGA: The U.S. Senate softened its phase-out of a tax credit for wind and solar projects to get holdouts on board with the massive tax and spending bill it passed on Tuesday. But renewable energy groups are still fuming, with American Clean Power Association CEO Jason Grumet calling the bill 'an intentional effort to undermine the fastest-growing sources of electric power [that] will lead to increased energy bills, decreased grid reliability, and the loss of hundreds of thousands of jobs.' The last-minute compromise, as POLITICO's Josh Siegel and Kelsey Tamborrino report, strikes a proposed added excise tax on wind and solar projects. But it still requires most solar and wind energy projects to be placed in service by the end of 2027 to get the tax credit, potentially derailing hundreds of planned projects. The bill also kills the $7,500 tax credit for electric vehicles that automakers have been trying to save. The megabill is now back in the House, where California Reps. David Valadao and Young Kim are among the few Republicans who have stumped for clean energy tax credits and have said they'll vote against it. — The NYT has a deep dive on the former EPA employee whom Project Veritas recorded calling federal climate funding 'gold bars.' — It's not just California — the Sunbelt is also starting to experience a house-building slowdown. — Farmers can sell their groundwater rights to urban developers desperate for water in Arizona under a new state law.

ITS Logistics Launches Sustainability Dashboard to Provide Accurate Scope 3 Emissions Data and Comply with Industry Regulations
ITS Logistics Launches Sustainability Dashboard to Provide Accurate Scope 3 Emissions Data and Comply with Industry Regulations

Associated Press

time01-05-2025

  • Automotive
  • Associated Press

ITS Logistics Launches Sustainability Dashboard to Provide Accurate Scope 3 Emissions Data and Comply with Industry Regulations

RENO, Nev., May 01, 2025 (GLOBE NEWSWIRE) -- ITS Logistics, one of the fastest-growing logistics companies in the United States, has launched its Sustainability Dashboard, a database that provides accurate, fleet-level and load-level emissions data. This new tool helps shippers close Scope 3 reporting gaps to comply with governmental regulations and achieve sustainability goals. The data-driven approach to emissions tracking eliminates uncertainty by leveraging multiple data sources to provide shippers with accurate, actionable insights. With increasing regulatory pressure, such as California's Climate Corporate Data Accountability Act (SB 253), companies must provide defensible emissions disclosures, and ITS' new dashboard allows them to have complete visibility. 'Companies are under pressure from regulations, customers, and investors to disclose their Scope 3 emissions,' said Josh Allen, Chief Commercial Officer at ITS Logistics. 'Our dashboard incorporates the Fleet Sustainability Index, which provides accurate fleet-level emissions calculations, rather than relying on industry averages or broad assumptions. Unlike competitors that estimate emissions based on equipment type, our tool provides fleet-specific, shipment-level data, making reporting far more accurate and defensible.' The United States Environmental Protection Agency (EPA) estimates that the transportation sector alone accounts for 29% of total U.S. greenhouse gas (GHG) emissions, making it a critical focus for decarbonization. Scope 3 tracking has historically been an enormous challenge for shippers relying on outsourced transportation providers. Categorized in three distinct scopes, Scope 3 emissions consist of the indirect emissions from a company's entire value chain, which include suppliers, transportation, and product use. Overall, the lack of direct ownership over areas of the value chain makes Scope 3 emissions far more complex to measure. 'Through conversations with Fortune 1,000 companies, we learned that Scope 3 emissions tracking is one of their biggest sustainability challenges,' said Lauren Miller, Sustainability Manager at ITS Logistics. 'These companies have measurable goals to reduce emissions, but obtaining accurate, defensible data from outsourced carriers has been a black hole. Each company is experiencing challenges with data gaps, fragmented carrier networks, and regulatory uncertainty.' Now, with complete visibility into ITS-managed shipments, companies can ensure compliance with evolving sustainability regulations and gain valuable insights to help implement effective emissions reduction strategies. Key Features Include: For more information about ITS Logistics' Sustainability Dashboard and comprehensive service offerings, visit About ITS Logistics ITS Logistics is one of North America's fastest-growing, asset-based modern 3PLs, providing solutions for the industry's most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America's #18 asset-lite freight brokerage, the #12 drayage and intermodal solution, an asset-based dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network. Media Contact Amber Good LeadCoverage [email protected] A photo accompanying this announcement is available at

New Analysis of California's Top Suppliers Points to Impact of Proposed Climate Reporting Mandates
New Analysis of California's Top Suppliers Points to Impact of Proposed Climate Reporting Mandates

Associated Press

time02-04-2025

  • Business
  • Associated Press

New Analysis of California's Top Suppliers Points to Impact of Proposed Climate Reporting Mandates

NEW YORK, April 2, 2025 /3BL/ - As California looks to expand corporate climate disclosure requirements with the newly introduced Senate Bill 755 (SB 755), a groundbreaking analysis from Governance & Accountability Institute (G&A) and supporters Ceres, Carbon Accountable, and Persefoni, reveals that most of California's largest state suppliers do not yet disclose key climate-related information. The findings have implications for the State of California's supply chain as it pursues a goal of carbon neutrality by 2045. The report – 'California Supply Chain: Current Practices & Trends in Climate Disclosure' – is the first industry-wide benchmark assessing how major suppliers to the State —representing billions of dollars in procurement spend—are aligned with its ambitious climate strategy, including regulations such as SB 253 ( Climate Corporate Data Accountability Act), SB 261 ( Climate-Related Financial Risk Act), and the newly introduced, supplier-focused SB 755 ( California Procurement Climate Information Act). SB 755 would require suppliers with over $25 million in state contracts to report their climate-related financial risks and Scope 1-3 GHG emissions, and suppliers with $5 to $25 million in State contracts to report their Scopes 1-2 emissions. While not all the suppliers included in this analysis are in scope for SB 253 and SB 261, most would be required to report under SB 755. The research finds low voluntary reporting rates among current suppliers, indicating a lack of readiness to comply with the proposed regulation and pointing to the potential level of transparency to be gained through mandated reporting. An increase in awareness of its supplier base's climate disclosures would support the ability of California to reduce emissions and address climate risk across its supply chain. 'California is leading the way in climate disclosure policy, but our research shows that its supplier base largely is not yet aligned with climate disclosure expectations' said Louis Coppola, CEO & Co-Founder at G&A Institute. 'With SB 755 on the horizon, we now have a critical baseline to measure progress over time. It's a tool for policymakers, procurement teams, and suppliers themselves as they navigate this rapidly evolving regulatory landscape.' Key FindingsMost of CA's top suppliers don't report climate data. Assurance and target-setting by CA suppliers lags behind expectations. Climate risk assessments remain a blind spot for CA suppliers. These rates suggest state agencies, procurement teams, and policymakers should proactively drive supplier readiness by providing guidance on the specific requirements of each bill and their applicability, education on the complexities of climate reporting, and support for accurately measuring emissions and conducting climate-related risk assessments. Establishing a Baseline for Future ProgressThis new research provides a baseline for measuring progress in the years to come. As California's climate regulations evolve, this analysis can be updated annually to track improvements, identify remaining gaps, and measure the impact of policies like SB 253, SB 261, and SB 755. The report enables: 'This report is an important resource for California policymakers and taxpayers and demonstrates the continued importance of ensuring that companies manage, measure, and disclose their climate-related risks and opportunities.' – Ceres 'Suppliers must do their part to help California achieve its ambitious climate goals. This analysis helps clarify where industry gaps exist and where targeted action is needed.'– Carbon Accountable 'Persefoni is a carbon accounting and management platform that regularly supports customers as they examine their own supply chain risks and supplier specific emissions. Large institutional buyers - governments, universities, healthcare systems, corporations - are increasingly looking to suppliers to help assess and manage climate-related financial risks. This includes whether suppliers measure their own GHGs or consider potential disruptions to their own operations. Everyone is someone's Scope 3, so all companies must be ready to provide emissions data and climate risk analysis. We're only as resilient as our weakest supplier.' – Mike Wallace, Chief Decarbonization Officer, Persefoni What's Next?SB 755 is poised to bring even more suppliers into California's climate disclosure framework. Analysis of the kind presented in this new report will be an essential tool for tracking progress, guiding industry engagement, and ensuring companies are prepared for increasing transparency demands. About the Supporters Ceres Ceres Accelerator for Sustainable Capital Markets is a center within Ceres that aims to improve the practices and policies that govern capital markets by engaging federal and state regulators, financial institutions, investors, and corporate boards to act on climate risk as a systemic financial risk. Carbon Accountable Carbon Accountable advances policies that increase the availability of the robust GHG emission data needed to inform corporate and investor decision making and empower consumers and policymakers. Persefoni Persefoni is a leading climate management and carbon accounting platform that enables businesses to track, manage, and disclose their carbon footprints in alignment with global standards. About G&A Institute, Inc. Founded in 2006, Governance & Accountability Institute, Inc. (G&A) is a sustainability consulting and research firm headquartered in New York City. G&A helps corporate and investor clients recognize, understand, and develop winning strategies for sustainability and ESG issues to address stakeholder and shareholder concerns. G&A's proprietary, comprehensive full-suite process for sustainability reporting is designed to help organizations achieve sustainability leadership in their industry and sector and maximize return on investment for sustainability initiatives. Since 2011, G&A has been building and expanding a comprehensive database of corporate sustainability reporting data based on analysis of thousands of ESG and sustainability reports to help steer strategy for our clients and improve their disclosure and reporting. More information is available on our website at

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