Audio: California’s not waiting for the SEC’s climate disclosure rules

In the last days of its legislative session that ended September 14, 2023, the California Legislature approved two landmark climate-disclosure bills that are poised to change the landscape of climate reporting in the United States. If the bills are not vetoed by the California Governor prior to October 14, 2023, they will become law and over 10,000 US companies — including both public and private companies as well as subsidiaries of non-US headquartered companies — would be subject to climate disclosure requirements in the near term, with reporting beginning in 2026 on 2025 information. In this episode, podcast host Heather Horn brings you an audio version of our publication covering the expansive impact of California Climate Bills SB 253 ad SB 261. <br/>In this podcast, you’ll hear:1:15 - Background and introduction6:10 - Who would be subject to the new laws?12:20 - What are the disclosure requirements?22:28 - Monitoring24:23 - What’s next?Refer also to the print version, California's not waiting for the SEC's climate disclosure rules.Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.<br/>Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.