About California SB 253
California’s SB 253 will require entities doing business in California with revenue greater than $1 billion to disclose their Scope 1, Scope 2, and eventually Scope 3 greenhouse gas (GHG) emissions. Disclosures for Scope 1-2 emissions will begin in 2026 for FY2025 data, with Scope 3 disclosures beginning in 2027 on FY2026 data.
Entities subject to SB 253 will also need to obtain limited assurance over their Scope 1-2 emissions, starting with the first set of disclosures in 2026. Entities are not required to obtain limited assurance over their Scope 3 GHG emission until 2030.
About California SB 261
California’s SB 261 Climate-related Financial Risk Act requires entities doing business in California with revenues greater than $500 million to provide biannual climate-related financial risk reports and publicly disclose this report on their website. The reports must be produced in alignment with the recommendations from the Task Force on Climate-Related Financial Disclosure (TCFD), which have been incorporated into the IFRS ISSB S2.
About California AB 1305
AB 1305 enacts additional disclosure requirements for all entities operating within the state of California that buy or use voluntary carbon offsets and make climate-related claims (e.g., net zero emissions, carbon neutral, or emissions reductions).
Scope 1-2 GHG Emissions Inventory
Calculate Scope 1-2 GHG emissions inventory for a 12-month reporting period following best practices in GHG accounting.
- Scope 1 and 2 emissions inventory (hosted in G&A’s CLEAR software platform), ready for assurance by a third-party and with key findings including
- Emissions calculation spreadsheet (downloadable as an .xls file from CLEAR)
- GHG Inventory Management Plan (.doc)
- GHG Inventory Results Report (.ppt)
Scope 3 GHG Emissions Inventory
Calculate Scope 3 GHG emissions inventory for a 12-month reporting period following best practices in GHG accounting.
- Data collection guidance (.xls), training and ongoing support (emails/calls)
- Scope 3 emissions inventory (hosted in G&A’s CLEAR platform)
- Scope 3 emissions calculation spreadsheet (downloadable as an .xls file from CLEAR)
- Presentation of Scope 3 GHG Inventory results and recommended next steps (.ppt)
- GHG Inventory Management Plan (ready for 3rd-party assurance) (.doc)
GHG Inventory Assurance Readiness Assessment
Evaluate client’s GHG inventory for compliance with GHG Protocol and assurance expectations and provide feedback on areas of improvement.
- GHG Inventory Management Plan, documenting existing inventory processes (.doc)
- Annotated GHG inventory with suggestions for improvements (.xls)
GHG Inventory Audit Support
Support clients in navigating third party assurance process and responding to inquiries from auditors.
- Expert support from G&A throughout the assurance process
- Impact analysis in response to auditor’s questions (.xls)
- Edits to the GHG Inventory Management Plan or Management Assertion throughout the assurance process (.doc)
Climate-Related Physical Risk Assessment
Understand how client physical assets (e.g., offices, factories) will be impacted by climate change under a variety of future global warming scenarios.
- Climate-related physical risk analysis (hosted in G&A’s CLEAR platform, downloadable .xlssummary file)
- Presentation of climate-related physical risk results and recommended next steps (.ppt)
- Climate-related physical risks report (.pdf), ready for posting on client website to meet criteria for SB 261
Climate-Related Transition Risk Assessment
Leverage scenario analysis to perform a robust assessment of client’s climate-related transition risks and identify potential opportunities for client to benefit from the transition to a low-carbon economy.
- Climate-related transition risk analysis summary (.xls), including:
- Climate-related transition risks report (.pdf), ready for posting on client website to meet criteria for SB 261
- Presentation of climate-related transition risk results and recommended next steps (.ppt)
Climate-Related Risks & Opportunities TCFD Aligned Report
Integrate the insights gained from the Climate-Related Physical and Transition Risk Assessments into a Taskforce on Climate-Related Financial Disclosures (TCFD)-aligned report. This report will address the TCFD pillars (Governance, Strategy, and Metrics & Targets) not covered under the physical and transition risk assessments.
- Comprehensive climate-related risks & opportunities report (.pdf), ready for posting on client website to meet criteria for SB 261
AB 1305 Gap Analysis & Disclosure Support
Chart a full path forward for compliance with California’s AB 1305 by analyzing reporting gaps and supporting client in publicly disclosing required information.
- Complete AB 1305 disclosure template for posting on client website (.xls)
