NORTHAMPTON, MA / ACCESSWIRE / October 12, 2023 / Baker Tilly
Companies not subject to the SEC's proposed carbon reporting regime might be surprised to find the Golden State expects them to track emissions
Previously published by the Wall Street Journal
By Richard Vanderford
California is poised to force many private businesses to report on carbon emissions, dramatically increasing the number of U.S. companies that could be subject to some kind of U.S. climate reporting.
Gov. Gavin Newsom on Sunday said he would sign landmark legislation that would require businesses, including those privately held, to begin reporting on emissions if they operate in California and have at least $1 billion in revenue. In addition to their direct emissions, those businesses would have to account for emissions by suppliers and customers, so-called "Scope 3" emissions that are considered more nebulous and difficult to pin down.
Continue reading here.
California's impending legislation would require businesses, including those privately held, to begin reporting on emissions if they operate in the state and have at least $1 billion in revenue.
View additional multimedia and more ESG storytelling from Baker Tilly on 3blmedia.com.
Contact Info:
Spokesperson: Baker Tilly
Website: https://www.3blmedia.com/profiles/baker-tilly
Email: info@3blmedia.com
SOURCE: Baker Tilly
View source version on accesswire.com:https://www.accesswire.com/792521/new-california-climate-law-pulls-in-private-companies
