With an economy larger than many countries, the state of California is leading the way when it comes to sustainability regulations. New climate disclosure laws have been announced, leading to an anticipated 10,000 companies strategizing on how they will report to the incoming regulations.
SB 253 and SB 261 have sparked news and some controversy as many companies are no longer left questioning when mandatory climate reporting will come into place. Leveraging the internationally recognized GHG Protocol and the Task Force on Climate-Related Financial Disclosure (TCFD) framework the new laws are the first but likely not the last of this kind in this corner of the globe.
An Overview of California’s Climate Disclosure Laws
Preparing for Climate Disclosures
The reporting requirements do not come into place until 2026, reporting on 2025 data. For companies not already voluntarily reporting their emissions and climate-related financial risks preparations need to start soon to be prepared to have their disclosures assured by the deadline. With hefty fines for non-compliance, scrambling at the last minute is not to be tested.
Doing so isn’t easy alone. With a heavy reliance on data from many aspects of your business, calculations, and the compiling of reports, compliance can be time-consuming and cost your business money too. With technology, this process can be done seamlessly – dig into the ScriptString approach for compliance below.
File With ScriptString
Understand Your Reporting Obligations
Work with our ScriptString team to understand your obligations and set up your ScriptString environment to automate your reporting end-to-end.
For SB 253, begin setting the stage and understanding your emissions to complete a full emissions inventory. For SB 261 whether using in-house sustainability experts or needing more help to identify your climate-related financial risks ScriptString is here to aid you with sustainability experts on standby. Work through the TCFD framework with ease to complete your first report.
Integrate Your Data and Let AI Do the Work
Connect effortlessly with your existing systems for a unified sustainability management experience. Accelerate the onboarding process to weeks, not months, regardless of file type, format, or data location.
Let AI do its magic with built-in data verification so you know you are working with high-quality data in your final disclosures. Unlock personalized dashboards and real-time emissions monitoring for rewarding insights.
For SB 253, automate emissions calculations for your integrated data following the GHG protocol to create a full emissions inventory. For SB 261 identify targets and metrics for climate-related risks that you will be tracking. Personalized dashboards will allow you to reflect on your progress over time. Ensure you meet your targets and receive alerts for necessary changes.
Understand Your Data and Prepare Your Filing
With a built-in audit trail, you will be ready for assurance and filing with ScriptString. Export your data in the desired format for filing your climate disclosure with ease.
Our platform will continuously ingest and transform data as you continue to work toward your next filing. Track KPIs and monitor progress with ease. Our AI Assistant will be there to recommend actions to reduce your emissions, further mitigate risks, and much more.
Compliance can be overwhelming, especially with new regulations. Let ScriptString put your mind at ease, your easy button for climate disclosure. Want to learn more or see how we can aid with other regulations and reporting requirements? Request a personalized demo today to see our reporting solution in action!
