California’s 2024 "Climate Accountability Package" will require emissions and climate-related financial risk reporting for thousands of US companies, including multinationals with US subsidiaries, beginning in 2026. In light of delays to the EU’s Corporate Sustainability Reporting Directive (CSRD), California’s disclosures may be the first mandatory sustainability reporting for many companies.

California’s climate regulator has outlined new details on the timeline, fees, reporting obligations, and the regulatory path to implement the State’s landmark 2023 Climate Accountability Package and opened a three week comment period (until Sept. 11) on these proposals. On August 21, the California Air Resources Board (CARB) held its second public workshop on implementing the Climate Corporate Dat

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