The California Air Resources Board (CARB), on December 1, opened the optional public docket for SB 261, Climate Related Financial Risk Disclosure Program. Entities may choose to voluntarily submit their Climate-Related Financial Risk Report under Senate Bill (SB) 261.
CARB noted in an Enforcement Advisory that “On November 18, 2025, the Ninth Circuit Court of Appeals issued an order in Chamber of Commerce v. Sanchez, Case No. 25-5327 (9th Cir. 2025), granting an injunction against the enforcement of Senate Bill (SB) 261 (Stern, Stats. 2023, ch. 383, codified in Health and Safety Code section 38533) during the pendency of appellate proceedings in that matter. This injunction applies solely to SB 261 (Health and Safety Code section 38533). SB 253 (Health and Safety Code section 38532) remains in effect and is not impacted by this order. Argument in that appeal is set for January 9, 2026, after the January 1, 2026, reporting deadline set by section 38533. In light of the Court’s order, CARB will not enforce Health and Safety Code section 38533 against covered entities for failing to post and submit reports by the January 1, 2026, statutory deadline, as provided in CARB’s enforcement advisory with guidance to stakeholders.”
Access the public docket for submission instructions. The docket is open and accepting submissions until July 1, 2026.
