Cal Matters writer Alejandro Lazo reports on groundbreaking legislation in California that would require large corporations to disclose their greenhouse gas emissions and report the financial risks they face from climate change. The second bill would require more than 10,000 companies with revenues exceeding $500 million to detail how climate change poses financial risks to their operations worldwide. Key quote:“Companies have virtually no control over how their customers use their products and services. But they have a great deal of control over the emissions in the products and services they purchase," says Harvard professor Robert Kaplan. This pursuit aims to create a standardized framework that enables accurate assessment of corporate environmental impact and the associated risks posed by climate change.

Source: Washington Post June 27, 2023 17:36 UTC