California Companies Face Imminent Climate Disclosure Deadlines – Experts Share Critical Guidance
California businesses with significant revenue are on the cusp of a new era of climate accountability.January 1, 2026, marks the first compliance date for the state’s groundbreaking climate regulations, requiring companies exceeding $500 million in annual revenue to publicly disclose climate-related financial risks. Just six months later, on June 1, 2026, those surpassing $1 billion in revenue must also report Scope 1 adn 2 greenhouse gas emissions, verified by a third party.
These regulations, enshrined in Senate Bills 253 and 261, represent the nation’s most ambitious attempt to standardize and mandate climate risk and emissions reporting. The requirements impact a significant portion of the California economy, forcing companies to assess vulnerabilities, quantify their carbon footprint, and demonstrate a commitment to transparency. Failure to comply could result in penalties and reputational damage, while proactive engagement offers opportunities for innovation and competitive advantage.
To help organizations navigate this complex landscape, Forvis Mazars and Gravity are collaborating to share insights gleaned from early adopters and the latest guidance from the California Air Resources Board (CARB). A forthcoming webinar will deliver practical strategies based on real-world reporting experiences and address last-minute clarifications from CARB regarding the new standards.
The webinar aims to equip businesses with the knowledge needed to successfully meet their California climate compliance obligations and ensure a strong start to the first year of reporting. Attendees will learn how to effectively identify, assess, and disclose climate-related risks and emissions, minimizing potential disruptions and maximizing opportunities.
Presenters:
Anika Muslawski, Steve Wilkerson, and Jay Ruckelshaus.
