The Schellman Blog

A new landmark in corporate climate change legislation, California Senate Bill (SB) 253, the Climate Corporate Accountability Act, has just been passed in the California Senate, and—now that it's been signed into law by the governor—it will mandate that the applicable companies report their direct greenhouse gas emissions as well as those generated by their utilities.

In today's business landscape, Environmental, Social, and Governance (ESG) factors have gained significant prominence as organizations worldwide are recognizing not only the importance of incorporating sustainable and responsible practices into their operations but also the many benefits of doing so.

The Growing Pressure for Corporations to Embrace ESG In recent times, regulators at global and national levels have been advocating for greater disclosure of ESG (Environmental, Social, and Governance) issues and standards among organizations. Legal developments and demands for corporate transparency have encouraged the emergence of many rating agencies and reporting frameworks.

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