Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

BP sees lower oil prices denting Q2 profit – Oil & Gas 360

July 11, 2025

Santos, Xecta deploy industry-first digital oilfield project across Australia, Papua New Guinea

July 11, 2025

Rising Phoenix Capital expands Midland basin footing with strategic acquisition

July 11, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » California Releases FAQ to Guide Companies Beginning Mandatory Climate Reporting
Sustainability & ESG

California Releases FAQ to Guide Companies Beginning Mandatory Climate Reporting

omc_adminBy omc_adminJuly 11, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The California Air Resources Board (CARB), the regulator charged with developing and enforcing new regulations requiring large companies to disclose their value chain emissions and report on climate-related financial risks, announced the release of a new publication of frequently asked questions (FAQ), aimed at providing an update on its regulatory development for the new regulations, and on guiding companies preparing to submit their first climate-related financial risk reports by the regulation’s January 1, 2026 deadline.

The new regulations include the “Climate Corporate Data Accountability Act,” originally introduced as SB 253, and the “Climate-Related Financial Risk Act,” introduced as SB 261, which have now codified into law as Health and Safety Code Section 38532 and Section 38533, respectively.

Applying to companies that do business in California, the new regulations effectively introduce climate reporting obligations for most large businesses in the U.S. The Climate Corporate Data Accountability Act requires companies with revenues greater than $1 billion that do business in California to report annually on their emissions across Scopes 1, 2 and 3. The Climate-Related Financial Risk Act applies to U.S. companies that do business in California and with revenues greater than $500 million to prepare a report disclosing their climate-related financial risk, as well as measures to reduce and adapt to that risk.

The new FAQ sets out the dates for required reporting to begin, recently confirmed in a public workshop conducted by CARB. According to the FAQ, while a firm date for reporting on Scope 1 and 2 is yet to be finalized, the disclosures will begin in 2026, covering the previous fiscal year, while Scope 3 emissions reporting will begin in 2027. The FAQ did reiterate CARB’s decision announced in December 2024, however, allowing the first Scope 1 and 2 report in 2026 to be based on information that the reporting company already possesses or is already collecting, in order to give companies more time to implement new data collection processes.

The FAQ also lists the timeline for companies to obtain independent third-party assurance for their greenhouse gas emissions disclosures under the new regulation, specifying that limited assurance-level verification for Scope 1 and 2 emissions reporting will begin in 2026, and reasonable-level assurance in 2030.

For companies within the scope of the Climate-related Financial Risk Reporting, publication of the first climate-related risk reports are to be published by January 1, 2026 according to CARB, with reporting every other year following the initial report. The FAQ guides companies in assessing what information needs to be included in the reports, with material risk based on “harm to immediate and long-term financial outcomes due to physical and transition risks,” which may include “risks to corporate operations, provision of goods and services, supply chains, employee health and safety, capital and financial investments, institutional investments, financial standing of loan recipients and borrowers, shareholder value, consumer demand, and financial markets and economic health.”

Click here to access the CARB FAQ on the upcoming climate reporting regulations.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

HSBC becomes first UK bank to quit industry’s net zero alliance | HSBC

July 11, 2025

‘It can’t withstand the heat’: fears ‘stable’ Patagonia glacier in irreversible decline | Glaciers

July 11, 2025

Heat health alerts and hosepipe bans across England as third heatwave takes hold | UK weather

July 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Santos, Xecta deploy industry-first digital oilfield project across Australia, Papua New Guinea

By omc_adminJuly 11, 2025

Houston-based technology company Xecta has expanded its partnership with global energy company Santos to scale…

Perenco acquires Trinidad producing assets from Woodside Energy

July 11, 2025

Envision Commissions World’s Largest AI-Powered Green Hydrogen-Ammonia Facility

July 11, 2025

Shell, Accenture, and Amex GBT Launch Blockchain Platform to Scale Green Jet Fuel

July 11, 2025
Top Trending

HSBC becomes first UK bank to quit industry’s net zero alliance | HSBC

By omc_adminJuly 11, 2025

California Releases FAQ to Guide Companies Beginning Mandatory Climate Reporting

By omc_adminJuly 11, 2025

‘It can’t withstand the heat’: fears ‘stable’ Patagonia glacier in irreversible decline | Glaciers

By omc_adminJuly 11, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Coinbase Marketing Leader Di Sanborn Talks About Why Crypto Appeals to the Younger Generation

July 11, 20250 Views
Our Picks

Rising Phoenix Capital expands Midland basin footing with strategic acquisition

July 11, 2025

Perenco acquires Trinidad producing assets from Woodside Energy

July 11, 2025

ADNOC Bags 3-Year LNG Order from SEFE

July 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.