SB 261 – Senate Environmental Quality Committee
Climate Financial Risk Disclosure
California’s economy is increasingly vulnerable to the effects of climate change, whether it’s sea level rise impacting the coast, ongoing droughts affecting agriculture, fishing and critical ecosystems, or wildfires devastating entire communities. However, the financial and economic risks of climate change are not widely disclosed or evaluated. SB 261 requires corporations and financial institutions with at least $500 million in revenues to annually disclose their climate-related financial risk, beginning in 2026. This bill was a cornerstone of the Climate Accountability Bill package.
Bill info from the legislature
Issues: Clean Energy Economy
Signed into Law
Top Priority Bill
Status:
Signed into Law
47 Yes
17 No
16 Abstain
28 Yes
8 No
4 Abstain
Signed
