2023 – Senate Bill 253 (Wiener, Anthony), Climate Corporate Data Accountability Act (Chaptered)
This bill requires CARB, by January 1, 2025, to develop and adopt regulations requiring corporations with revenues in excess of $1 billion doing business in California to disclose their greenhouse gas emissions to an emissions reporting organization using a specified protocol, but authorizes CARB to adopt a different protocol beginning in 2033. The bill allows reporting entities to include their emissions reported under the Mandatory Reporting Regulation with the reporting required by the bill. The bill requires CARB to establish assurance provider qualifications and a process for approval of assurance providers that ensures sufficient provider capacity, as well as timely reporting. The bill requires CARB by July 1, 2027, to contract with a university, as specified, to report on public disclosures made by these businesses, including in the context of State greenhouse gas reduction goals. The bill requires CARB to update the disclosure deadlines by January 1, 2030, to ensure Scope 3 emissions are reported as close in time as practicable to Scope 1 and 2 emission disclosures. The bill also requires reporting entities to pay an annual filing fee of no more than $1,000 and requires CARB to adopt regulations to impose administrative penalties for failure to report.