The California Air Resources Board (CARB), the state environmental regulatory agency tasked with implementing SB 253, the Climate Corporate Data Accountability Act, and SB 261, the Climate Related Financial Risk Disclosure Program, published supporting materials to provide more guidance for stakeholders:
- A preliminary list of entities that are expected to be covered by SB 261 and potentially SB 253 which can be downloaded on the CARB FAQs and Factsheet page. CARB is accepting feedback from reporting entities to help validate the list. The feedback survey can be found on the same page.
- A draft checklist for companies that will need to comply with SB 261, which applies to companies that do business in California with annual revenues in excess of $500 million. Starting with the first SB 261 report due on January 1, 2026, covered entities must prepare and publicly disclose a report on their climate-related financial risk and measures adopted to reduce climate-related financial risk. CARB will post a public docket on December 1, 2025, where companies can post location of their public link to the report. The docket will remain open until July 1, 2026. Read the Checklist.
