California Governor Newsom says he'll sign bill requiring large companies to report emissions

📆 2023-09-18 21:41:00
📰 NBCNewYork

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The law will make California the first location in the U.S. to require corporate carbon accounting, and comes as the SEC is considering a similar move.

considers how to regulate corporate climate disclosures. The SEC has so far not said whether it will include scope 3 emissions, which come from a company's suppliers and generally are the largest contributor.

"We talk about California, it's not just a state of dreamers and doers of entrepreneurs and innovators, but it's a state that's long prided itself on being on a leading and cutting edge. The future happens in California first," Newsom said at an Climate Week event in New York City on Sunday.

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