California Governor Gavin Newsom has indicated that he will sign new legislation that will require large companies to disclose Scope 1, 2 and 3 greenhouse gas (GHG) emissions.
Addressing a recent “Climate Week” event in New York, Newsom stated that he would sign the controversial bill, adding that there is “some cleanup on some little language.”
The California state government passed the legislation last week, with 41 votes in favor and 20 votes against.
Senate Bill 253, known as the Climate Corporate Data Accountability Act, will require both publicly traded and privately owned companies operating within California that generate over $1 billion in annual revenue, to disclose their Scope 1, 2 and 3 GHG emissions.
Commenting on Newsom’s approval of the measure, Scott Weiner, who introduced the bill, said in a statement “In announcing he will sign Senate Bill 253, Governor Newsom is reaffirming California’s global climate leadership. These carbon disclosures are a simple but intensely powerful driver of decarbonization.”
“This legislation will support those companies doing their part to tackle the climate crisis and create accountability for those that aren’t. I applaud the governor’s bold climate leadership — the planet needs more climate champions like Gavin Newsom,” Weiner asserted.