California Climate Disclosure Laws: CARB Approves Greenhouse Gas Reporting and Climate Financial Risk Disclosure Regulation

On February 26th, during a public hearing, the California Air Resources Board ("CARB") approved the adoption of the California Greenhouse Gas Reporting and Climate Financial Risk Disclosure Initial Regulation for the Climate Corporate Data Accountability Act (SB 253) and the Climate-Related Financial Risk Act (SB 261) (the "Regulation"). The Regulation was proposed by CARB in December 2025. Notably, CARB adopted the Regulation with one exception: that CARB's staff engage with the California... By: White & Case LLP