California is set to implement two pioneering climate disclosure laws, SB 253 and SB 261, requiring companies with over $1 billion in revenue to disclose total greenhouse gas emissions and climate risks. These laws aim to enhance transparency for investors and consumers, although some critics argue they impose additional burdens and offer redundant regulations. Companies must report scope 1 and 2 emissions starting in 2026 and scope 3 emissions by 2027. Despite legal challenges, California’s regulations may influence similar initiatives in other states and internationally, prompting firms to prepare for compliance and improved sustainability practices.

Source: https://www.supplychaindive.com/news/california-scope-3-ghg-disclosure-manufacturing-packaging/760853/