Illustration of California SB 261 climate-related financial risk reporting — TCFD four-pillar framework and January 1, 2026 first-cycle deadline
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SB 261 Climate Financial Risk Reporting: TCFD Guide Jan 2026

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…