California’s new climate rules to affect privately held companies

California’s stringent new climate disclosure laws, set to come into force in 2026, will affect over 10,000 companies “including many privately-held companies unlikely to have assessed the scope of their GHG emissions,” say researchers.

Chief Sustainability Officers and their peers across the US should prepare for extensive emissions and climate risk reporting, with the disclosure requirements going considerably “beyond the far-reaching requirements of the SEC’s proposed climate-related disclosure rule or the current practices of most public companies.”