Environmental, Social, and Governance reporting, sustainability disclosures, and climate-related accounting topics.
How does the clean fuel credit work after the OBBBA? The clean fuel credit under § 45Z still rewards low-emissions transportation fuel produced in the United States, but IRS Notice 2026-53 reshapes it for 2026. ILUC emissions are out. Non-North American feedstocks are out. Animal manure gets its own emissions rate. Here is what to…
Does CARB SB 253 reporting apply to my company in 2027? Yes, if your company does business in California and has more than $1 billion in annual revenue. Under the CARB SB 253 reporting proposals unveiled on July 21, 2026, in-scope entities must report gross scope 1, 2, and 3 greenhouse gas emissions by November…
Who has to file California’s SB 253 climate disclosure by August 10, 2026? Any company with more than $1B in total annual revenues that meets the state’s “doing business in California” test. SB 253 compliance means submitting Scope 1 and Scope 2 greenhouse-gas data to CARB — with limited enforcement discretion in the first year….
What is the ISSB global baseline for sustainability disclosure, and why does it matter in 2026? The International Sustainability Standards Board (ISSB) — established by the IFRS Foundation — issued IFRS S1 (general sustainability-related financial disclosures) and IFRS S2 (climate-related disclosures) as a global baseline for how companies report sustainability information to investors. By 2026,…
How do California SB 253 reporting entities measure Scope 1 and Scope 2 emissions for the June 30, 2026 first filing? SB 253 (Health & Safety Code §38532) requires U.S. companies with revenues over $1 billion doing business in California to publicly disclose Scope 1 (direct) and Scope 2 (purchased energy) greenhouse gas emissions starting…
What does California SB 261 require for climate-related financial risk reporting? California’s SB 261 (Public Resources Code §38533, the Climate-Related Financial Risk Act, as amended by SB 219) requires U.S. companies with annual revenues over $500 million doing business in California to publish a biennial climate-related financial risk report. The first report is due January…
How do California companies collect Scope 3 supplier emissions data for SB 253? California’s SB 253 requires companies with over $1 billion in U.S. revenue doing business in California to disclose Scope 1, 2, AND 3 greenhouse gas emissions — with Scope 3 disclosure due January 1, 2027 (based on 2026 fiscal year data). Because…
What’s the latest status on California’s CARB SB 253 enforcement timeline and SB 261 court injunction? The California Air Resources Board (CARB) approved its SB 253 / SB 261 implementing regulation on February 26, 2026, setting an initial Scope 1 and Scope 2 GHG reporting deadline of August 10, 2026 for SB 253. A November…
What are California climate disclosure laws SB 253 and SB 261 — and who must comply in 2026? California’s Climate Corporate Data Accountability Act (SB 253) requires companies with annual revenue above $1 billion that do business in California to disclose Scope 1, 2, and 3 greenhouse gas emissions. SB 261 (Climate-Related Financial Risk Act)…
