Preparing for California's New Climate Disclosures

Rhea-AI Summary

California Governor Gavin Newsom has signed two bills that require companies in the state to disclose emissions and climate-related financial risks. Workiva, along with Cognizant and Deloitte & Touche LLP, will be hosting a LinkedIn Live event on November 1st to discuss the impact of these requirements and what actions companies can take to prepare.

Positive

• Companies in California will now be required to disclose Scope 1, 2, and 3 emissions and climate-related financial risks. This increased transparency could lead to better understanding and management of environmental risks, potentially improving long-term sustainability and attracting socially responsible investors.

Negative

• There are no negative takes available at the moment.

NORTHAMPTON, MA / ACCESSWIRE / October 24, 2023 / Workiva / California Governor Gavin Newsom recently signed SB 253 and SB 261, which require companies that do business in the state to disclose Scope 1, 2, and 3 emissions and climate-related financial risks. Join leaders from Cognizant, Deloitte & Touche LLP, and Workiva for a LinkedIn Live on Wednesday, November 1st as they review who's impacted, reporting and assurance requirements, and actions companies can take now to prepare.

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Contact Info:
Spokesperson: Workiva
Website: https://www.3blmedia.com/profiles/workiva
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SOURCE: Workiva

View source version on accesswire.com:
https://www.accesswire.com/796078/preparing-for-californias-new-climate-disclosures

FAQ

What do the new bills signed by Governor Newsom require companies in California to disclose?

The new bills require companies to disclose Scope 1, 2, and 3 emissions and climate-related financial risks.

Who will be hosting the LinkedIn Live event to discuss these requirements?

Workiva, along with Cognizant and Deloitte & Touche LLP, will be hosting the event.

When is the LinkedIn Live event taking place?

The event is scheduled for November 1st.

What are the potential benefits of increased transparency in disclosing emissions and climate-related financial risks?

Increased transparency can lead to better understanding and management of environmental risks, potentially improving long-term sustainability and attracting socially responsible investors.