IN THE NEWS: ESG Professionals Watching, Bracing For Impact Of New State Climate Disclosure Laws

Link to Bisnow (March 25, 2024) | New California climate legislation is set to go into effect soon, and commercial real estate professionals are watching for potential impacts on businesses and what implementation will actually look like. 

…With the Securities and Exchange Commission’s finalized rules that require large companies to report some of their carbon emissions — but not Scope 3 emissions, as originally planned — California’s regulations stand to be the nation’s strictest.

“The trickle-down impact will be really substantial,” U.S. Green Building Council – Los Angeles Executive Director Ben Stapleton said, noting that while billion-dollar companies are called on to comply, doing so will mean getting information from their tenants about their respective supply chains.  (Read full article)

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