SACRAMENTO, CA — Today, California Environmental Voters (EnviroVoters) released the following statement on the Climate Financial Risk Disclosure Act (SB 261). The bill will inform the rest of the country, allowing other states to make use of the reports published to mitigate their own risk. SB 261 is part of a corporate climate accountability package that will set a new standard for the entire nation. The bill is now headed to Governor Newsom’s desk to sign.
Statement from Melissa Romero, Senior Legislative Manager, California Environmental Voters:
“The Assembly Speaker and the Senate President continue to show true leadership with their vision and tenacity moving corporate accountability and responsibility forward. We are truly energized that climate risk disclosures are out of the Legislature, along with corporate emissions disclosures.
By shedding light on the potential financial impacts of climate change, SB 261 encourages businesses to adopt sustainable practices, invest in renewable energy, and transition away from a pollution-based economy. This will set the precedent for nationwide climate risk reporting standards, amplifying the impact of climate resilience efforts on a national scale.
We are grateful for Senators Wiener, Gonzalez, and Stern’s leadership in the fight to push the climate corporate accountability package across the finish line. We look forward to the Governor signing this into law and moving California forward on climate action.”
Erika Guzman Cornejo
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ABOUT CALIFORNIA ENVIRONMENTAL VOTERS
California Environmental Voters (formerly the California League of Conservation Voters) believes the climate crisis is here and this moment requires transformative change. California has the policy solutions to stop climate change but lacks the political will to do it at the rate and scale that’s necessary. EnviroVoters exists to build the political power to solve the climate crisis, advance justice, and create a roadmap for global action. We organize voters, elect and train candidates, and hold lawmakers accountable for bold policy change. We won’t stop until we have resilient, healthy, thriving communities, and a democracy and economy that is just and sustainable for all. Join us at www.envirovoters.org and on Twitter, Facebook, and Instagram. See more press releases.